This is truly disgusting:
In the wake of the abrupt closure of the for-profit Corinthian Colleges on Sunday, the Education Department released official guidance suggesting that the school’s 16,000 students transfer to a number of the industry’s most troubled for-profit schools.
Among the schools on the Education Department’s list of “viable transfer options” released to Corinthian students are ITT Technical Institute, which is facing a predatory lending lawsuit by the Consumer Financial Protection Bureau and investigations by 17 state attorneys general, and schools owned by EDMC, which is being investigated by the Department of Justice. Teetering on the edge of financial instability, EDMC has instituted mass layoffs and sold off several of its Art Institutes campuses.
The Kos article goes on to reference a report released by Tom Harkin, when he was in the Senate, to the effect that for-profit colleges are, not to put too fine a point on it, legalized fraud, a waste of tax-payer money, and a destroyer of the lives of the victims students they pretend to educate.
Naturally, the folks like Arne Duncan who are pushing these sheep toward another shearing are anxious to extend the benefits of for-profit education further down the educational ladder. If we don’t wake up (and we hardly ever do), in 10 years the for-profits will be running our high schools and grammar schools. The scam will operate differently (there is no student loan teat to suck on at the primary or secondary level), but the end result will be the same: higher costs for inferior product. This, by the way, is what we get with a Democrat in the White House. It only gets worse if a Republican takes over.
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