colleges

Obama's Anti-Profit Crusade Targets Colleges

The administration imposed a death penalty on ITT technical colleges, which had not been convicted of any wrongdoing.

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It isn't every day that you see a moderately liberal institution like the Washington Post accuse a Democratic president of waging an "ideological crusade." But the newspaper did just that last Sunday, blasting the Obama administration for its campaign against for-profit colleges.

The Post pointed out that the Education Department has just imposed the death penalty on ITT Technical Institutes, despite the fact that the school chain has not been accused—let alone convicted—of any wrongdoing. The department carried out the extrajudicial killing by bureaucratic fiat, imposing stringent financial requirements and declining federal aid to new students.

The result: 40,000 students left hanging, 8,000 people suddenly without a job, and a huge taxpayer liability for federal student loans.

A similar story played out two years ago, when federal agencies pulled financial aid from Corinthian College and ground it down with an endless series of administrative orders. No charges ever were brought, but Corinthian, too, was driven out of business.

And this summer the Education Department proposed decertifying the principal accreditor of for-profit colleges and vocational schools—a huge threat to more than 200 colleges, 800,000 students, and $5 billion in student loans. Taxpayers could be on the hook for some of that money: When Corinthian shut down, Washington ended up forgiving $171 million worth of student loans.

There's no doubt that some for-profit colleges exploit naïve, sometimes poor students who rack up lots of debt with the false promise of a clear flight path to a solid career. But then, why should they be any different? You can say exactly the same about many public and nonprofit private universities—some of whose graduation rates are downright atrocious.

Here in Virginia, Norfolk State University's is a mere 34 percent. What's more, scarcely more than half of those students who do graduate end up making more than a high-school graduate does, according to the U.S. Department of Education's college scorecard. That's slightly worse than the record for the now-shuttered ITT Technical Institute in Norfolk.

Indeed, according to a recent report from Third Way, "Too Many Public Colleges Are Dropout Factories," the typical four-year public college has a graduation rate of lower than 50 percent; 36 percent of students make less than $25,000 six years after enrollment; and less than one-sixth of schools with higher-than-average Pell Grant rates have six-year graduation rates over 50 percent.

Figures like those might come as a surprise, but it's no surprise that colleges and universities have been hiking tuition at incredible rates despite such poor performance. Since 1972, the inflation-adjusted cost of a nonprofit private university has shot up from $1,832 to $31,231.

The cost of a public university has shot up from less than $500 to $9,139. Those represent 16-fold and 17-fold increases, respectively. President Obama has blasted for-profit colleges for "making out like a bandit," but they seem to have a lot of company.

So pointing the finger at for-profit universities may be a convenient way of changing the topic. Barmak Nassirian, who runs federal relations and policy analysis for the American Association of State Colleges and Universities, calls the for-profit college sector "a slow-motion train wreck. … The government hasn't really done anything. I'd love to have cops on the beat who can prevent crime, not chase after perpetrators after the mayhem."

Translation: Colleges supported by one arm of the government would like another arm of the government to to squeeze out competition from the non-governmental sector. Got it.

The Obama administration's crusade has enjoyed plenty of support, but not all Democrats find for-profit education loathsome. Certainly not Bill Clinton, for instance.

From 2010 to 2015, the former president raked in $17.6 million for serving as "honorary chancellor" at Laureate University. Just a few months before he landed that gig, the State Department invited Laureate's founder to a private dinner at the urging of the department's then-Secretary Hillary Clinton, who touted Laureate as "the fastest-growing college network in the world."

Now, as Politico reported this summer, "as the Obama administration cracks down on for-profit colleges, three former officials working on behalf of an investment firm run by President Barack Obama's best friend have staged a behind-the-scenes campaign to get the Education Department to green-light a purchase of the biggest for-profit of them all—the University of Phoenix." Among the officials: Former Deputy Education Secretary Tony Miller, who played an important role in the crackdown on for-profit colleges.

If the investors get the Education Department's permission, they also will get a bargain. The University of Phoenix stock price stood at $85.64 per share when Obama took office. Today, thanks in no small part to the administration's policies, it's below $9.

Miller could gain handsomely from the deal—especially now that some other for-profit colleges have been taken off the board. The only thing better than an ideological crusade, apparently, is one with a big payout at the end.

This column originally appeared in the Richmond Times-Dispatch.

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  1. 34% graduation rate? This had better change, everyone is entitled to a degree.

    1. Discharge dropouts with a “college studies” degree; boom, no more dropouts.

      1. “So, you say you went to Yale?”

        “I yust got out.”

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      2. What’s the career for a college studies major? College student?

        1. Start working at home with Google! It’s by-far the best job I’ve had. Last Wednesday I got a brand new BMW since getting a check for $6474 this – 4 weeks past. I began this 8-months ago and immediately was bringing home at least $77 per hour. I work through this link, go to tech tab for work detail,,,,.,.,,,,,

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      3. #AllDegreesMatter

        1. One thing that the pimp understands is profits and capitalism.

          His primary calling card is certainly his vast intelligence.

      4. That’s pretty much what we’re doing. But hey, our graduation rate is going to go way up!

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  2. But of course, federally backed student loans don’t have any unintended consequences. No sirree. I’m sure “free college” will work out so much better.

    1. You right wing extremists. Of course it will work out better. Sure, that horde of unskilled labor not working and on government assistance will still be there, but those unskilled people will have COLLEGE DEGREES! DO YOU KNOW WHAT THAT MEANS, BAGGER!?

      1. It’s sad when the modern left makes FDR look good. At least he made people work for their keep.

      2. Their college degrees will entitle them to larger government handouts?

  3. ?T. In today’s tales of break room derp supplemented by cnn. the problem is all these guns. The terrorist had a gun and there was a shootout and it’s way too easy to get guns in NJ.
    No mention of the actual bombing.

    1. How do these arguments still get any traction? Is it too easy to get guns in France and Belgium, too? Also, why does it seem like they never investigate the history of the guns themselves when Muslim terrorists are involved? I’m pretty sure they didn’t pick them up from a gun show or an FFL holder.

    2. NJ has some of the strictest gun laws in the nation. Citizens can not get a carry permit in NJ, but somehow that law didn’t stop Rahami.

      1. Thx for getting the derp.

      2. NJ blows worse than a $2 hooker with the hiccups and fangs.

        The next spin will be blaming the gun in NJ on lax gun restrictions in PA.

        I’m calling Vegas to get odds on that…

      3. The thing is gun control won’t really work until every gun on the planet is banned. Then there will be Peace on Earth and Goodwill Toward Men (and probably a few women).

  4. I’m not sure if I’ve ever actually seen it printed out anywhere. Is the argument for free college that a college education is a human right?

    1. Welllll…. sort of. Let me see if I can translate it.

      Like this. Every person needs a job to live. They have to have a degree in order to get a job. Ergo, free college or people will literally die. And also not make much money, which would be uncool.

      1. They have to have a degree in order to get a job.

        What amazes me is how many people seem completely uninterested in understanding why this has become the case. The complete devaluation of the high school diploma and the inability of employers to use other forms of assessment for potential hires never get called out.

        1. That was always the point that boggled me as well. The constriction is so obvious. Taking the rest on faith, why wouldn’t getting rid of the constriction be the first thing you thought of?

        2. the inability of employers to use other forms of assessment for potential hires never get called out.

          The employers buy into the bullshit, I’d agree.

          BUT…there is a bit more to it than a degree. Finishing college says something about the constitution of the hiree. Do you finish what you start?

          1. I think the inability of employers to use other forms of assessment may less bespeak them buying into it than the fact that using other forms of assessment will inevitably lead to accusations of racism/sexism/transphobia/etc. when hiring disparities inevitably occur, and costly lawsuits and fines follow.

          2. You’re missing the point. It’s not about starting or finishing a college degree. It’s about the qualities of the potential hire that are relevant to the job. Sure, follow-through is important. College can test that, but a degree by itself is no promise of work ethic. Not to mention that a lot of people who make it through college have attitudes that don’t mix well with the established culture in many workplaces. I’ll learn a lot more about a potential hire from an internship, apprenticeship, or provisional employment period than from a piece of paper. But I’ll also open myself up to a lot of liability and needless expenses, too.

            Also, a lot of what a college degree is supposed to prove can be tested directly. But heaven forbid the test results don’t produce the exact race/sex/etc. distribution the courts deem that they should.

      2. I’m just curious if anyone is playing the human rights angle or if it’s still just a educated populace better for society thing.

    2. Yes, UNESCO and the UN’s – Universal Declaration of Human Rights say it (among other idoicy) word-for-word.

      What part of equality do you not understand?

      1. The UN’s chief accomplishments:

        1. Raping the locals
        2. Poisoning the locals
        3. Assisting terrorists
        4. Propping up warlords

        Such a wonderful organization.

        1. kbolino,

          Don’t forget the UN also stole and wasted billions of American tax dollars.
          These UN appartatchiks wouldn’t be millionaires if it was for US involvement in this steal and whine organization.
          Doesn’t that make you proud that you’re an American?

        2. Those helmets are a pretty shade of blue, though.

      2. Fantastic! So is the US solely responsible for granting a college degree to everyone on Earth or are other countries also on the hook?

        1. It could be achieved with the stroke of a pen. In fact, I suggest Barry do just that, unilaterally grant a college degree to every American of college age. We will usher in the golden age of higher knowledge.

          1. It must have a high price in order to give it gravitas.

            $750,000 per signature or GTFO. And at that discount, he’s being more than reasonable.

          2. Where I come from we have Universities. Seats of great learning where men go to become great thinkers. And when they come out? They think deep thoughts and with no more brains than you have. But! They have got one thing that you haven’t got…

    3. They haven’t said it in so many words, because it sounds silly even to them. Of course the real issue is that, absent some kind of intervention, a lot of Lefty/Progressive sinecures are going to go away, and some of the sillier Liberal Academics might (horrors) have to leave thir comfortable ivory towers and WORK for a living.

  5. scarcely more than half of those students who do graduate end up making more than a high-school graduate does

    Let’s have a little looksie at those degrees. I’m betting that they are not STEM degrees. Not every company needs a perpetually aggrieved snowflake with a degree in gender studies.

    1. Even if they are STEM degrees, somebody in the warehouse at CDW has got to make sure I get the right shit when I place my order.

      Unless they’ve gone completely automated. In which case somebody’s gotta maintain the robots in the warehouse at CDW that make sure I get the right shit when I place my order.

      Shoehorning more people into STEM classes and yelling, ‘Education Achieved!’ doesn’t change the facts.

    2. Not every company needs a perpetually aggrieved snowflake with a degree in gender studies.

      Why do you think colleges are adding more and more “Title IX administrators” and “Office of Diversity and Goodthink” type positions? Those perpetually aggrieved snowflakes aren’t going to be able to work in the private sector where they expect results.

      1. The way I look at it is that this is a losing end game to play. The job of those Title X folks is to get rid of students, probably most of the time over some trumped up bullshit harassment case. Now let’s sum this up:

        More Title X folks = more money wasted

        Less Students = less dollars

        I don’t see a winning strategy there.

        1. Selecting for lack of intelligence but rigid adherence to doctrine has always been a winning strategy. Just ask the communists.

        2. The job of those Title X folks is to get rid of white, cisgendered, heterosexual, male shitlord students

          FTFY.

          As to your larger point: I never credited college administrators with an over abundance of intelligence.

    3. It’s not like you can become a scientist or a doctor if you scored below 500 on the math section on the SAT and went to ITT Tech or Norfolk State. These are places you go to get a credential that will allow you to become a Certified Nurse’s Assistant or the assistant manager of a Burger King.

      Graduates of these schools with science degrees are maybe qualified to do things like process urine samples at a drug testing lab.

      1. Where be the pee pee go?

  6. One of the big problems is loans. If the loans were based on normal criteria people wouldn’t receive loans for useless degrees, or shitty colleges. A lot will fix itself if that is fixed.

    1. Yes. If student loans were not guaranteed by the government, none of these for profit colleges ever would have existed in the first place.

      1. You doth protest too much. The federal backing is a problem, but there would still be demand for college degrees and loans to get those degrees (with more stringent requirements).

        1. You can’t get a private, unsubsidized student loan to go to ITT Tech or University of Phoenix. Without the government subsidizing it, no private lender will take a risk on these schools or the students who attend them.

          1. The present climate is one overwhelmingly dominated by government subsidy. A lot of options are off the table until you’ve gone through the FAFSA financial proctology exam and then exhausted every government subsidy available to you.

            Remove the subsidy entirely, and the picture changes substantially.

      2. Agreed…and a lot of degrees at state and private universities wouldn’t exist either.

  7. Why is it not obvious to everyone that any private entity the government touches turns into a great big steaming pile of putrid shit?

    How many examples are needed?

    1. Why is it not obvious to everyone that any private entity the government touches turns into a great big steaming pile of putrid shit?

      But the right palms got greased, didn’t they? All working according to plan, where’s the problem?

    2. Well, to be fair, any public entity the government touches turns into a great big steaming pile of putrid shit as well, so at least they’re consistent.

      There are about 4 things government can actually do well. Unfortunately, modern leftytopian governments do so much other worthless shit that they don’t have time to properly do the things they are actually supposed to do.

      1. There are a lot of world-class state-run universities in the United States.

        1. Universities that are constantly whining about the dwindling portion of their revenues that comes from the states. It is quite obvious that being state-run or not has little to do with the quality of an institution.

          1. A smaller increase ==== a cut. Duh

    3. Because these private entities depended on government programs for 90% of their revenues, and they were created and organized to extract revenues from those government programs?

  8. Now, as Politico reported this summer, “as the Obama administration cracks down on for-profit colleges, three former officials working on behalf of an investment firm run by President Barack Obama’s best friend have staged a behind-the-scenes campaign to get the Education Department to green-light a purchase of the biggest for-profit of them all?the University of Phoenix.” Among the officials: Former Deputy Education Secretary Tony Miller, who played an important role in the crackdown on for-profit colleges.

    Holy fucking shit, that’s possibly one of the shadiest things I’ve read about that didn’t involve the Clinton Foundation (and I wouldn’t be surprised if they were involved somehow). I have no words. Wow… Just… wow…

    1. Yeah that should be front page news.

      1. Yup. Top-notch cronying, the kind you need a revolving door for.

    2. Oh, they’re involved alright.

      The Clinton For-Profit College Standard
      ITT’s biggest mistake was not putting Bill Clinton on the payroll.

      Immediately after the department imposed its lethal sanctions on ITT, Mr. Chopra departed for the Hillary Clinton campaign. Maybe he’ll be tasked to answer questions about the Clintons’ lucrative ties to Laureate.

      According to the results of a public records request by Judicial Watch, Bill Clinton was paid $17.6 million to serve as Laureate’s “honorary chancellor” between 2010 and 2015. Laureate has also donated between $1 million and $5 million to the Clinton Foundation. The company’s founder Doug Becker contributed $2,700 to Mrs. Clinton’s current presidential campaign.

      As the Washington Post reported on Tuesday, Mr. Clinton’s consulting duties were redacted from his publicly released contract and labelled trade secrets. At least part of his job involved speechifying, hobnobbing with foreign dignitaries and lending his credibility to recruit students and protect the company from regulatory depredations. He also may have had a word with his wife, the former Secretary of State.

      1. Didn’t some Obama cronies buy Phoenix University or whatever it was at firesale prices after their boss crashed its price?

        1. I think it is in progress. Let me guess the regulations will then be lifted.

        2. I think it is in progress. Let me guess the regulations will then be lifted.

        3. Someone didn’t read the original article?

  9. Here in Virginia, Norfolk State University’s is a mere 34 percent.

    I wish that attrition rate were more common.

    1. It is very common among open enrollment schools, which admit students without regard to their preparedness for college.

      Why should UVA have an attrition rate as high as Norfolk State’s, when UVA’s median student is in the top 5% of the national applicant pool, and Norfolk State’s median student is probably in the bottom third?

  10. Big Education is crumbling, and all this is is a scapegoat tactic to try and right the ship. Was ITT probably hard selling people into loans to get their butts into seats? Sure. But they’re just a dealer, the Federal Government grows the “poppy seed plants” and are the refiners into “street” product. Whacking a couple of dealer/pushers suddenly doesn’t cleanse the whole process.

    1. Since when has the left been remotely interested in solutions rather than optics? If they wanted to fix the problem they’d be seriously addressing the perversity of student financing, but it gets many more votes to promise “free” college and to punish some some of the most visible offenders.

    2. Whacking a couple of dealer/pushers suddenly doesn’t cleanse the whole process.

      But that’s what the drug war is all about, and it’s not like WoD is a massive failure or anything. /sarc

      1. Should we start calling federal education policy the WoI, War on Ignorance?

    3. I have felt for some time that the impetus behind the attacks on “for profit” colleges is a need to distract from the slow train wreck that is going on in the “non-profit” colleges. The Intellectual Left depends on tenure and bullsh*t programs like “Queer Studies” to give employment and lots of free time to oxygen thieves like Michael A. Bellesiles and Ward Churchill, and must be scared to death that a realistic appraisal of the worth of Higher Education might result in mass unemployment.

  11. Hell, it used to be (and probably still is, in a lot of places) a goal of graduate programs, and maybe pre-graduate programs, to weed out students. Attrition in law school and medical school used to be a feature, not a bug. Low grad rates by themselves tell me nothing. Otherwise, the degree is just a participation trophy, right?

    1. Otherwise, the degree is just a participation trophy, right?

      The sad thing is I’m pretty that many of the degrees offered by Norfolk State to the 34% who actually manage to graduate are “participation trophy degrees” based on the other statistic mentioned: that only a little more than half end up making more than a HS grad does.

      What that tells me is that they’ll admit anyone with a pulse, push taxpayer backed student loans onto them that they’ll never be able to pay back, and then 66% of these dupes can’t even get a participation trophy. The school doesn’t care – they get paid either way – and neither do the banks who floated the loans because they’ll at least get the subsidized portion of the interest back even if the dropouts default. Plus, I’m pretty sure the banks and the schools know full well that if things go really tits up they’ll get bailed out anyway.

      While it would be nice if the higher ed bubble popped, I’m pretty sure if and when it does us taxpayers will end up footing the bill and getting fucked. And Uncle Sam doesn’t use lube when he fucks over his subjects.

    2. Attrition was replaced decades ago not with “participation” trophies, but, rather, with extremely competitive admissions processes that weed out the unqualified before they ever get to campus. Back in the 60’s when Harvard Law flunked out a fifth of its first year class, you didn’t need a 3.8 college GPA and an LSAT score in the top half of the top 1% of test-takers to get in.

      1. Not sure your anecdote refutes the overall point. Using Harvard law as an example seems kind of funny.

        1. Every school ranked by USNews has more selective admissions than it did before USNews started ranking schools on a basis that heavily weighted academic selectivity.

          Forty years ago, all you needed to do to go to a lot of state flagships was write a tuition check. Now, even schools like University of Mississippi have median students who score around the 85th percentile on the SAT.

  12. The wrongdoing was itt leeching off tax payers for profit. I just wish we could also punish the govt for helping them.

  13. And for this next trick, Barton Hinkle, will defend Trump U.

  14. destroying private for profit colleges was clearly why Obama took over all student loans in the first place so that he could have the leverage to close them through the loan programs.

    Again the government does not like competition.

    1. The federal government runs no colleges, and the federal government hasn’t moved against thousands private non-profit colleges, which “compete” with state run institutions.

      1. The federal government runs no colleges

        The federal government wields considerable power through control of the student loans. Watch as the Title IX inquisition makes every college adopt the exact same policies.

        1. This. And state universities don’t like competition either. Instead these loans can simply go to them instead.

  15. For-profit colleges exist not to serve a market but to capture a subsidy. They enroll students based on their borrowing eligibility and price their services at a level that is only sustainable because their students aren’t paying for it. They don’t serve a legitimate educational need. And it’s hard to see them as businesses serving a market once you realize that 90% of their revenues come from government programs.

    Community colleges and some lower-tier state schools have poor student retention, but these schools also charge much lower tuition than the for-profits, and they don’t have sales staff recruiting easily-influenced and vulnerable people to take on large amounts of taxpayer-subsidized debt.

    Any cost to the public in shutting down these chains will be saved by the cost to the public in defaults by the chains’ students on federally backed loans.

    1. Every school that accepts federal student loans in substantial numbers is capturing the same subsidy. Hiring the umpteenth administrator or building yet another fancy building does not serve a “legitimate educational need” any more than turning a profit back to the owners.

      1. For profit schools get 90% of their revenues from federal programs. Even public universitiess get less of their revenues from government subsidies, because their students pay more out of pocket in tuition, and they get a lot of money from alumni gifts and endowment revenues.

        http://www.slate.com/articles/…..their.html

        1. The problem is there regardless of whether the universities are for-profit or not. No doubt a market was created by the generous provision of federally backed student loans. But your loan-funded degree in Puppetry from Reputable State U is just as worthless as it ever was. And the loans aren’t going anywhere, either.

          1. I am 35. I attended college from 99 to 03. I attended a “highly selective” university, but not an elite one.

            I know a lot of people who took soft majors like psychology and even people who earned arts degrees. They’re all doing fine.

            If you go to a good school, it doesn’t matter a whole lot what you major in. If you graduated from Oberlin with a degree in African Dance, and you walk into a job interview, you’re automatically ahead of everybody who went to places like U of Phoenix or ITT Tech who may want the same position, regardless of what they majored in.

            1. If you graduated from Oberlin with a degree in African Dance, and you walk into a job interview, you’re automatically ahead of everybody who went to places like U of Phoenix or ITT Tech who may want the same position, regardless of what they majored in.

              I’m pretty sure the guy who graduated from ITT with an IT major and got a CCNA certification is going to be ahead of the Oberlin African Dance graduate for a network engineering job, ceteris paribus, no matter how reputable Oberlin is.

              Where you went to school is only more important than what you studied for certain jobs.

            2. If you graduated from Oberlin with a degree in African Dance, and you walk into a job interview, you’re automatically ahead of everybody who went to places like U of Phoenix or ITT Tech who may want the same position, regardless of what they majored in.

              Isn’t that a bit hyperbolic? Sure, perhaps for a grantwriting job or something. But I don’t see my institution’s IT department staffed with B.A. in Classics from Brown types.

        2. When you say pay out of pocket, do you mean via student loans?

          Please back up this claim:

          “Community colleges and some lower-tier state schools have poor student retention, but these schools also charge much lower tuition than the for-profits”?

          What is much lower?

    2. Private colleges/universities and public universities are also capturing that same subsidy. And you could make the same claim they are only sustainable cause they aren’t paying for it.

      Where does all the revenue for private and public universities come from?

      Would also like to see you back up this claim that they charge much lower tuition.

  16. RE: Obama’s Anti-Profit Crusade Targets Colleges
    The administration imposed a death penalty on ITT technical colleges, which had not been convicted of any wrongdoing.

    One would think the title would say everything. These capitalist pigs in higher education should realize they should teach without compensation and be proud to live in abject poverty while sharing their knowledge. Profits are reserved for our obvious betters in the Politburo, the Soviet Supreme Senate, the occupant of the White House Dascha and their many toadies. This way, the wise and the enlightened will redistribute the wealth in a more equitable and fair manner to the unwashed masses. For profit enterprises, regardless of the entity, must be taken over by The State’s apparatchiks because they know how to use the money in more appropriate and judicious manners than any business person. Therefore, let us all praise Dear Leader for his intelligent choice of suppressing the capitalist pigs and doing whatever is necessary to eliminate the last vestiges of the evil and vile free market whenever and where ever possible.

  17. Trump will use the Clinton Laureate Cabal like ball peen hammer on Hillary if she goes after him on Trump University during the debates. Willy the Worm took that card away with his $17,600,000 play to pay off in exchange for facetime with Her Royal Thighness when she was Queen of State.

    1. If it were only facetime, it would be easier to accept. Laureate pulled in $55 million from Fedgov during Bill’s tenure. So basically, it went like this:

      Laurete – Mrs. Clinton, how about you shovel us some money. About $55 million.
      HRC – That’s a lot of coin. What’s in it for me?
      Laurete – For you, nothing – you are SOS and that would be bribery. How about we pay your husband a third, and kick a 10% vig over to your “Foundation”?
      HRC – Check is in the mail.

  18. Trump will use the Clinton Laureate Cabal like ball peen hammer on Hillary if she goes after him on Trump University during the debates. Willy the Worm took that card away with his $17,600,000 play to pay off in exchange for facetime with Her Royal Thighness when she was Queen of State.

  19. ITT’s profits were derived wholly from federal loans to its students; it was classic unbridled rent-seeking. The fact that its business model depended 100% on the continued flowing of those loans is an indictment of ITT. If your business model depends on loans that are insured to be paid no matter what by the federal government, you’re doing something wrong.

    1. Agreed. but this issue of loans applies to private and state universities as well. I think we would see a lot of majors go belly up if the loans weren’t available.

    2. All that anyone seems to care about is that ITT was collecting “too much” in student loans. The fact that this same problem exists at “real” colleges across the country, to varying but still overwhelming degrees, will be ignored now that ITT has been given the sacrificial goat treatment.

      1. This isn’t new. About every 15 to 20 years there is a cycle of for-profits getting fat, student grumbling about lack of job placement, political grandstanding, and then Night of the Long Knives.

        1. And yet, the standards for a student getting a federal student loan are no stricter than they ever were.

          1. Oh yeah? You can’t get one if they catch you with pot now!

            1. Or if you skipped out on selective service registration. Boy, the standards they impose!

        2. If you want some insight on the stupidity of the US university system, please google Michelle Obama’s senior thesis at Harvard.

          That is argument enough that there should be no federal dollars going to any of the useless institutions.

          He idiocy is comical until you realize how long ago they have been pimping this nonsense and honing their craft.

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  21. Corinthian really got a raw real. They were a top quality institution that was the envy of all. I wasn’t entirely convinced, but the endorsement of the gentlemen in the video below is hard to argue with;

    https://www.youtube.com/watch?v=yJl0XuDKSjc

    Corinthian’s demise not only hurt the students, but also hurt Maury. The ivy league schools have not taken over Corinthian’s ad spots on the Maury Povich show. And now with ITT gone, that is a world of hurt on Maury. Why does Obama’s Anti-Baby-Daddy-Knowledge crusade have to attack Maury?

  22. Hey! Is that the same Richmond Times Dispatch that endorsed Gary Johnson?

  23. It’s simple, really. When you depend upon da guvmt for funds da guvmt can take everything for any reason for any cause at any time. Schools need an underground economy with off shore banking so they can thrive, you know, like celebrities, lawyers, politicians and other despots.

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  25. Norfolk State is an HBCU. It is political suicide to even think of doing anything to reign in costs. This is what happened in NC Senator tried to lower tuition and spending on the lowest performing state colleges.

    http://wncn.com/2016/06/01/bra…..-proposal/

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