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Articles tagged with: for-profit colleges

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AFR calls on the Department of Education to inform all enrolled students and those who have recently withdrawn of their right to cancellation of their federal student loans, to vigorously investigate the past misconduct of ITT, and to release any findings publicly.

Letter to Regulators: Over 10,000 AFR Members call on Dept of ED to Protect Scammed Students
August 1, 2016 – 8:40 pm

Over 10,000 members of Americans for Financial Reform signed a petition calling on the Department to provide full loan relief to defrauded students, provide automatic loan cancellation when there is sufficient evidence of a school’s wrongdoing, not impose time limits on relief for defrauded borrowers, and close gaping loopholes allowing unscrupulous schools to prevent injured students from having their day in court.

AFR’s Senior Policy Analyst, Alexis Goldstein, Delivers Remarks at “Too Big to Fail Education” Event
June 29, 2016 – 1:30 pm
AFR’s Senior Policy Analyst, Alexis Goldstein, Delivers Remarks at “Too Big to Fail Education” Event

AFR’s Alexis Goldstein gave opening remarks at the launch of the AFT Report “Regulating Too-Big-to-Fail Education.” In her remarks, Goldstein outlined the parallels between the for-profit college crisis and the subprime mortgage crisis.

AFR Statement: Department of Education must expedite and broaden relief to Corinthian students
March 25, 2016 – 2:16 pm

“We join with the advocates, lawmakers, and law enforcement officials who have all called on the Department use its legal authority to discharge debts of students covered by the Department’s enforcement actions without further delay and without requiring each borrower to make an individual application.”

Letter to Regulators: AFR, 34 Orgs Press for Automatic Relief to Groups of Students Victimized by Predatory Practices
March 11, 2016 – 2:32 pm

“We are deeply concerned by the slow pace and small number of discharges that have been processed and that many of the Department’s proposals in the current negotiated rulemaking process move in the wrong direction, reducing eligibility for relief, pitting students against schools, and creating unnecessary burdens on students and the Department.”