Home » Archive by Tags

Articles tagged with: for-profit colleges

AFR Report: Private Equity’s Failing Grade in the For-Profit College Industry
March 29, 2018 – 5:26 pm

As the Trump administration rolls back the greater regulatory scrutiny the for-profit college industry has faced during the last several years, it is private equity that stands to benefit the most, posing continuing dangers to students, taxpayers, and the integrity of the federal financial aid system.

Letter to Congress: Reject H.R. 4508, a bill that favors corporations that abuse federal aid over students
December 11, 2017 – 3:55 pm

The reauthorization of the Higher Education Act should be a real opportunity to help students; instead, the PROSPER Act makes their lives worse in nearly every aspect. It raises repayment costs for struggling borrowers, lets institutions that scam students off the hook, and narrows relief for defrauded students.

AFR in the news: House bill turns its back on students to favor corporations that abuse the federal financial aid system (NBC THINK)
December 11, 2017 – 3:17 pm

“Rep. Virginia Foxx, R-Va., the chair of the House Education and the Workforce Committee, introduced a bill last week that sells out students to corporate interests ready to get rich off taxpayer-backed education dollars. A bill reauthorizing the Higher Education Act should be a real opportunity to help students; this one just makes their lives worse by raising repayment costs for struggling borrowers, letting institutions that scam students off the hook, and narrowing relief for defrauded students.”

AFR, 29 Orgs Raise Concerns Over New Ownership of Predatory Colleges
May 4, 2017 – 10:03 am

AFR joined 29 other individuals and organizations representing students, consumers, veterans, servicemembers, and civil rights to send a letter to Education Secretary DeVos raising concerns around the questionable sale of EDMC to the Dream Center Foundation.

AFR Statement: Dept of ED’s de-recognition of ACICS will protect students and taxpayers
December 13, 2016 – 10:38 am

Americans for Financial Reform applauds the Department of Education’s final decision to de-recognize a major accreditor of for-profit colleges, the Accrediting Council for Independent Colleges and Schools (ACICS). The Department’s decision to no longer recognize ACICS is an important step toward ensuring that students and taxpayers do not bear the burden of illegal and fraudulent acts by for-profit colleges.

AFR Statement: Globe University, Minnesota School of Business Will No Longer Defraud Students through Federal Student Aid Dollars
December 6, 2016 – 5:42 pm

Americans for Financial Reform welcomes the news that the Department of Education has taken steps to protect both students and taxpayers by cutting off federal student loan money to Globe University and the Minnesota School …

AFR Statement: Education Department Must Immediately Cease Collections on Defrauded Corinthian Students, Cancel their Debts without Application
September 29, 2016 – 9:37 am

Americans for Financial Reform (AFR) is dismayed to learn that the Department of Education is still actively collecting on nearly 80,000 former Corinthian students. These actions run counter to the requests of AFR and a …

AFR Statement: ITT Tech’s Business Model was Entirely Dependent on Government Support
September 6, 2016 – 12:45 pm

AFR calls on the Department of Education to inform all enrolled students and those who have recently withdrawn of their right to cancellation of their federal student loans, to vigorously investigate the past misconduct of ITT, and to release any findings publicly.