Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Current Events

Current Events Current Events Forum - Latest political news and events


Reply
 
LinkBack Thread Tools Display Modes
Old September 17th, 2014, 09:40 AM   #1
Senior Member
 
LongWinded's Avatar
 
Join Date: Jun 2014
Location: United States
Posts: 11,828
CFPB Accuses Corinthian Colleges Of Cheating Students

CFPB Accuses Corinthian Colleges Of Cheating Students

Quote:
For-profit education company Corinthian Colleges Inc. misled students into taking out unaffordable loans by falsely advertising job prospects, then used illegal debt collection tactics to force distressed students to pay up, according to a lawsuit filed Tuesday by the U.S. Consumer Financial Protection Bureau.

Corinthian owns Everest Institute, Everest College, WyoTech and Heald colleges, which collectively have more than 70,000 students and annually receive $1.4 billion in federal financial aid. The company is winding down all its operations in an agreement with the U.S. Department of Education.

The CFPB alleges that Corinthian inflated its job placement rates by creating fake companies, defining a "career" as a job that lasted one day with the promise of a second, and by paying employers to temporarily hire its graduates.

After students were deceived into taking out private loans from the company, Corinthian forced them to make good on their debts by pulling them from class, blocking access to academic resources such as school computers, and withholding diplomas, the consumer bureau alleges. One financial aid officer at a Georgia campus was nicknamed the "Grim Reaper" after pulling so many students from classes for past-due debts.

Despite the lawsuit and demands from prominent Senate Democrats, The Department of Education is allowing Corinthian to continue to operate. The department recently allowed the company to access millions of dollars in federal student loans to fund its daily operations, and is permitting the company to enroll new students.
For profit education, like the republican for profit health care insurance, fails the American people every time. DEMAND that this corporations stop and desist from their activities to your Senator and Representative.
LongWinded is offline  
Old September 17th, 2014, 09:43 AM   #2
Senior Member
 
Join Date: Jun 2012
Location: In the mind of liberal hippies
Posts: 38,895
How exactly do for profit colleges fail? How are trade schools failures?
Jimmyb is offline  
Reply

  Defending The Truth Political Forum > Political Forum > Current Events

Tags
accuses, cfpb, cheating, colleges, corinthian, students



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Presidential Proclamation -- National Historically Black Colleges and Universities We The White House The White House 0 September 20th, 2013 12:20 PM
Elite colleges confronting failure of affirmative action Uncle Han Current Events 1 August 4th, 2013 12:45 PM
Weekly Address: Confirming Rich Cordray to Lead the CFPB The White House The White House 0 July 20th, 2013 02:54 AM
Remarks by the President on the Confirmation of Richard Cordray as Director for CFPB The White House The White House 0 July 17th, 2013 09:00 AM
Bravo to North Caroliina Colleges! tristanrobin Gay and Lesbian Rights 31 March 25th, 2007 08:25 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.