Fifteen former students of Corinthian Colleges launched the first student debt strike in U.S. history on February 23, 2015, refusing to repay federal loans for what they characterized as fraudulent education that left them deeper in poverty with worthless degrees. Organized by the Debt Collective, …
The U.S. Department of Education imposed a 21-day hold on all federal aid flowing to Corinthian Colleges on June 12, 2014, after the for-profit chain—operating as Everest College, WyoTech, and Heald College—refused to provide documentation substantiating falsified job placement rates. The action …
Department of EducationCorinthian CollegesArne Duncanfor-profit-collegesstudent-debtfraudcorinthian-colleges
The U.S. Department of Education under Secretary Arne Duncan published the final “Gainful Employment Rule” on June 13, 2011, establishing that career training programs at for-profit colleges and non-degree programs at all institutions must demonstrate that graduates earn sufficient …
U.S. Department of EducationBarack ObamaArne DuncanAssociation of Private Sector Colleges and Universities (APSCU)For-Profit College Industryfor-profit-educationregulationstudent-debthigher-educationinstitutional-capture+2 more