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Update | Department of Education’s Proposed New Borrower Defense Rule Enables Predatory For-Profit Colleges And Harms Students
Today, the Department of Education proposed a new borrower defense rule that strips away borrower rights, encourages the predatory behaviors of bad actors in higher education, and once again, benefits the for-profit college industry instead of students.
Students Left Dangling as Art Institute of Charleston Shuts Down | The Post and Courier
The rise and fall of the Art Institute of Charleston took just 11 years, carrying with it the aspirations of hundreds of young artists — and leaving some of them struggling beneath a mountain of debt.
His two year degree cost him $90,000. Now he’s in a battle with the Education Department | CNBC
Shaun Joyce used to sit at his desk at The Art Institute of Charlotte in North Carolina, on edge. That's because a staff member could burst into his classroom at any moment and lead him on the "walk of death." That was when students would be summoned to the for-profit school's financial aid office and told they'd "run out" of loans, Joyce said. Then the student would be informed that he or she needed to borrow more money immediately, or else leave the school.
Art Institute of Philadelphia Students, Facing the School's Closure, Weigh Offers from Harcum College and Others | The Inquirer
Yo, all you beleaguered Art Institute students. Harcum College, an associate’s-degree-granting college in Bryn Mawr, has a deal for you: $5,000 in tuition assistance for any student affected by the institute’s closure in Philadelphia and at other campuses.
SEC’s $300,000 ITT Settlement Leaves Trail of Questions | Indianapolis Business Journal
The Securities and Exchange Commission came at ITT Educational Services Inc.’s two top executives with guns blazing three years ago, declaring that CEO Kevin Modany and Chief Financial Officer Daniel Fitzpatrick “engineered a campaign of deception and half-truths.”
Students Cry for Debt Relief After For-Profit College Collapse, While Executives Admit No Wrongdoing | Market Watch
As a young high school graduate, Joseph Schettler had dreams of working for the FBI or becoming a forensic psychologist. He took steps to make those dreams a reality. Schettler became the first person in his family to go to college, enrolling in the criminal justice program at ITT Tech in 2006 with assurances from the school that he would surely get a job in his field.
ITT Execs Offered 'Sweetheart Deal' | Politico
That’s how lawyers representing defrauded ITT students are describing the settlement reached late last week between the Securities Exchange Commission and two former senior executives of ITT Educational Services Inc., the company behind a troubled for-profit college that shuttered in 2016.
DOJ Must Give Harvard FOIA Docs On For-Profit College | Law360
A Pennsylvania federal judge ruled Monday that the U.S. Department of Justice must turn over some of the documents a Harvard Law School legal clinic had sought from a whistleblower lawsuit over a struggling Pittsburgh-based for-profit college provider’s student recruitment and loan policies.
In Another Injustice For ITT Students, Predatory ITT Executives Get July 4 Weekend Gift While Defrauded Students Left Holding The Bag | Press Release
Late on Friday, it was announced that the SEC had settled its case against former ITT executives Kevin Modany and Daniel Fitzpatrick for cheating the company’s shareholders and operating the company for their own personal financial benefit. The settlement, reached on Friday, July 6 just before the trial was set to start today, lets them walk away with a slap on the wrist.