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posted by martyb on Saturday April 18 2015, @06:48PM   Printer-friendly
from the ongoing-saga dept.

The US Department of Education reports

The U.S. Department of Education took additional steps [April 14] to protect students and taxpayers and crack down on abuses within the for-profit sector by continuing its enforcement actions against Corinthian Colleges Inc. After a comprehensive review, the U.S. Department of Education has confirmed cases of misrepresentation of job placement rates to current and prospective students in Corinthian's Heald College system. The Department found 947 misstated placement rates and informed the company it is being fined about $30 million.

Specifically, the Department has determined that Heald College's inaccurate or incomplete disclosures were misleading to students; that they overstated the employment prospects of graduates of Heald's programs; and that current and prospective students of Heald could have relied upon that information as they were choosing whether to attend the school. Heald College provided the Department and its accreditors this inaccurate information as well.

The Department has also notified Corinthian it intends to deny Corinthian's pending applications to continue to participate in the Title IV federal student aid programs at its Heald Salinas and Stockton locations. Corinthian has 14 days to respond to the Department's notice, after which the Department will issue its final decision. Moreover, the Department has determined that Heald College is no longer allowed to enroll students and must prepare to help its current students either complete their education or continue it elsewhere.

The "Corinthian 15" debt strikers of February became the Corinthian 100 in late March with students refusing to pay back loans made under fraudulent conditions. Nine states' attorneys general agree that the bad loans should be forgiven.

Cable News Network notes

"Corinthian took advantage of students who were trying to build a better life for themselves and their families" said Massachusetts Attorney General Maura Healey.

[...]Tuition and fees for some of its programs cost more than five times those at other public colleges, according to the [Consumer Financial Protection Bureau]. A bachelor's degree cost up to $75,000 and an associate's was as much as $43,000.

Corinthian was so expensive that many students needed to take out both federal loans and private loans to cover the cost. The college offered its own private loans, which came with interest rates sometimes twice as high as federal loans.

Related:
Federal Crackdown On For-Profit Colleges Claims Its First Victory
Update: Corinthian Colleges Will Sell Half its Campuses to Nonprofit Loan Servicer

 
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  • (Score: 0) by Anonymous Coward on Saturday April 18 2015, @07:18PM

    by Anonymous Coward on Saturday April 18 2015, @07:18PM (#172534)

    Do you have a better term to use for him and his ilk? You know, for people with his type of beliefs? If you've got a better term, let's hear it.

    I don't really give a fuck what term is used. I'm using ones that people are familiar with.

  • (Score: 4, Informative) by hemocyanin on Saturday April 18 2015, @09:33PM

    by hemocyanin (186) on Saturday April 18 2015, @09:33PM (#172590) Journal

    I see, so the right-wing view is that victims of fraud should be stuck with the student loans they would never had but for the fraud. In a sanity match between you and gewg_, you are the ant and he is the guy with size 13EEEE shoes.

    • (Score: 0) by Anonymous Coward on Saturday April 18 2015, @10:33PM

      by Anonymous Coward on Saturday April 18 2015, @10:33PM (#172615)

      gewg_ has elephantiasis of the feet?

    • (Score: 0) by Anonymous Coward on Saturday April 18 2015, @11:39PM

      by Anonymous Coward on Saturday April 18 2015, @11:39PM (#172637)

      This page is what happens when he decides to use them.
      Lots of empty-headed spew.

      When the daily limit for ACs went up from 10, that gave us mixed results.
      Luckily, the number of mod points given out has gone up too.

      -- gewg_

      • (Score: 0) by Anonymous Coward on Sunday April 19 2015, @02:01AM

        by Anonymous Coward on Sunday April 19 2015, @02:01AM (#172675)

        It didn't take you long to start proposing censorship. But I suppose that's what we should expect from somebody with leftist/socialist/communist tendencies. The idea of somebody having an opinion that differs from yours is apparently too much for you to handle. The mere thought of somebody expressing these ideas apparently pushes you over the edge. Instead of admitting to the fact that you're wrong, you just resort to tyranny and oppression instead. Typical.

        • (Score: 0) by Anonymous Coward on Sunday April 19 2015, @02:14AM

          by Anonymous Coward on Sunday April 19 2015, @02:14AM (#172679)

          So, you think that your opinions are sacrosanct and the judgment of your peers is something to be scorned.
          Typical.

          -- gewg_

          • (Score: 0) by Anonymous Coward on Sunday April 19 2015, @02:33AM

            by Anonymous Coward on Sunday April 19 2015, @02:33AM (#172687)

            See, the fact is that I'm correct, and you are wrong. But even given that state of affairs, I don't want to take away your ability to express your fallacies. Please, be my guest, and spew forth your bullshit without end. I'm not a tyrant like you are. I don't want to oppress people such as yourself who happen to have opinions that are wrong.

            • (Score: 1) by monster on Tuesday April 21 2015, @04:03PM

              by monster (1260) on Tuesday April 21 2015, @04:03PM (#173568) Journal

              See, the fact is that I'm correct, and you are wrong.

              Citation needed.

              Also, your lumping together of leftist/socialist/communist just shows how little you know about those. It's like lumping together football, Nascar racing and chess because all three are called sports.