Results 1 to 2 of 2
Like Tree1Likes
  • 1 Post By Blue Wolf

Thread: For-profit colleges face new wave of state investigations

  1. #1
    JustTooMuchTime is offline Senior Scambuster
    Join Date
    Jul 2010
    Posts
    1,456
    Blog Entries
    128

    For-profit colleges face new wave of state investigations

    "Education Management Co., the education chain partly owned by Goldman Sachs Group Inc. that owns the Art Institute of Pittsburgh; Corinthian Colleges Inc.; ITT Educational Services Inc.; and Career Education Corp. have said since Friday that they've received demands for information from a network of at least 12 attorneys general. The Federal Trade Commission has stiffened guidelines for marketing vocational training programs, which many for-profit colleges offer."
    Read more: For-profit colleges face new wave of state investigations | TribLIVE
    Follow us: @triblive on Twitter | triblive on Facebook

  2. #2
    Blue Wolf's Avatar
    Blue Wolf is offline Senior Member
    Join Date
    Jun 2010
    Posts
    282

    Re: For-profit colleges face new wave of state investigations

    I'm sure glad I never went to the University of Phoenix:

    VIDEO: With Senator Warren Watching, Suze Orman Denies, Admits, Rationalizes Teaching at University of Phoenix*|*David Halperin

    University of Phoenix students often have little choice but to sign up for private loans, as they likely discover when they speak with one of the school's financial aid counselors. Tuition for an associate's degree in business at the University of Phoenix Online is $24,500, while the same degree costs $4,087 at Phoenix College in the Maricopa Community College system in Arizona. A bachelor's in business at the University of Phoenix costs $74,575, while the University of Arizona charges $44,200 for the same degree.
    And Suze Orman seems to be having problems with her credibility:

    At an event in Washington DC this morning, speaking alongside Senator Elizabeth Warren (D-MA), financial guru Suze Orman at first seemed to deny what is a documented fact: that she teaches a personal finance course at the nation's biggest for-profit college, the University of Phoenix. Then Orman admitted it, but offered a wholly unconvincing explanation.

    Orman's explanation at the Politico forum for becoming another paid friend of the University of Phoenix was that her online class comes with a warning to drop the class, or drop out of the school entirely, if they can't afford the costs. But many of the students encounter Orman's class when they are already deep into an academic program, at a point when they face a terrible choice -- keep paying Phoenix's high prices to complete a dubious degree, or else drop out, with the great likelihood that the Phoenix credits will not transfer to most other colleges, and the student will have to start all over. Orman also ignored the fact that her presence as a celebrity University of Phoenix faculty member enhances the lure of the school for students -- offering a Good Housekeeping endorsement that likely has been touted by Phoenix sales representatives to reel in students across the country to a program that might end up destroying their financial futures.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Disclaimer: Opinions expressed on this website are solely those of their respective authors.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42