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Corinthian College Fraud Case Study

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The Corinthian Colleges Debacle: Holding For Profit Colleges Accountable

The Corinthian Colleges Debacle unveiled many areas of non-compliance, not only by the for profit private postsecondary education institutions, but also by the control agencies at the state and federal level. The closure of the Corinthian Colleges revealed the inefficiency of the states to provide oversight and enforcement to mandate compliance based on their authority as outlined in existing state laws. The Corinthian Colleges is just one of many for profit private postsecondary education institutions that have faced or will be facing closures. We’ll provide background on what happened that lead to the closures, the impact this has had on student loans, and what factors have …show more content…

What happened to Cause the Closer of Corinthian Colleges

In 2015 Corinthian Colleges closed their doors and left several students looking for answers. Corinthian which owned Everest, Heald College and WyoTech closed its doors after allegations of fraud and a loss in government founding. One of the leading contributors to this collapse was the loss in funding by the federal government and several lawsuits claiming fraudulent job placement claims and consumer complaints (Bernick, 2015). There were also allegations that claimed that Corinthian was using predatory lending practices in low income communities to gain more students (Douglas-Gabriel,2015). Thanks to weakened regulation in the Education department it made it easier for them to target students that would have otherwise not applied for these loans. This collapse of one of America’s largest for profit

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College Cost Annie Lowrey Summary

907 Words | 4 Pages

This is evidenced strongly allover the article. I strongly believe that Ms. Lowrey has denied the existence of colleges with their own professors and administration. Ms Lowrey sketches a perfect comparing example for readers by mentioning “the car labels” introduced by the Department of Transportation. “Consumer-friendly” term for

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What Phoenix Doesnt Tell Us About For Higher Education Summary

452 Words | 2 Pages

According to Kinser, he states “the Apollo Group; ITT Educational Services, owner of ITT Technical Institutes, valued at $2.8 billion; DeVry Incorporated, owner of DeVry University, valued at $ 1.6 billion: and Strayer Education, owner of Strayer University,valued at $1.4 billion. The rest of the publicly traded for-profit institutions are probably worth less than $100 million each.” He explains to us how all these for-profits make over million of dollars from their students. For example , “the 50-percent increase in four-year and graduate degrees awarded in the for-profit sector between 2000 and 2003 was driven by 28 the University of Phoenix and a few of its

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Kevin Carey Why Do You Think They Re Called For-Profit Colleges

264 Words | 2 Pages

In his article “Why Do You Think They’re Called For-Profit Colleges?” Kevin Carey offers harsh criticisms of for-profit colleges by claiming that they are directly to blame for the disproportionately high quantity of debt that their postgraduate students acquire. His primary reasoning for such is that for-profit colleges are charging more for their degrees than they are actually worth. He himself writes, “for-profits charge much more than public colleges and universities. Many of their students come from moderate- and low-income backgrounds…

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Summary Of Lower Ed The Troubling Rise Of For-Profit Colleges

1252 Words | 6 Pages

Society has a very skewed opinion of what college is, how it should look, and what each individual type of person should experience while in college. In Tressie McMillan Cottom’s Lower Ed: The Troubling Rise of For-Profit Colleges in the New Economy, she investigates what for-profit colleges are to modern society and how they affect various types of lives. She does this by placing herself into different social roles to put into perspective to her audience the different types of lives that affected by for-profit colleges, the role of for-profit colleges in personal and professional settings, and why she personally understands what for-profit schools are by being in these roles. Cottom takes her societal roles in two directions. The first is

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Why Lower-Income Students Are Drawn To For-Profit Schools Summary

763 Words | 4 Pages

In the text it states, “ On average, attending a two-year for-profit institution costs a student four times as much as attending a community college, according to the Department of Education”. Alexia compares the cost of the schools to the cheaper form of college, a community college. Although it is already the cheaper kind of school, going to a community college longer is cheaper than attending only two years of a for-profit college. That being the case, students have financial problems and struggle to get his/her life started. The author says in the article, “Six years after enrollment, 23 percent of students who had graduated or otherwise left for-profit colleges were unemployed and seeking work compared with about 15 percent in the other institutions, according to a 2013 paper from Harvard researchers”.

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Deregulation Is Falling Texas Student By Charles Schwertner

930 Words | 4 Pages

What a shock this has given me and especially to other that are concerned with the paying or attending college. The rise of price for a higher education has brought many questions such as if the we are to believe that the education of today is worth more then the education from the past. Like I can’t believe how we are taken advantage over the price of our education and, shouldn’t the prices of all university be the same. Wow, this statistic has shown how greatly this problem has impacted us students, and has shown how public universities have taken an advantage on pricing our

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The College Debt Trap Summary

484 Words | 2 Pages

I have chosen Janet Bodnar’s article The College Debt Trap for this unit’s discussion assignment. This is the third quarter that I am taking college classes. After I completed the process of applying and enrolling for on-line classes it was now time to figure out how I was going to finance my education. I never knew what a FAFSA was or what it meant. It took weeks to understand the process of applying for financial aid and luckily I now understand how it works.

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Tn Promise Pros And Cons

492 Words | 2 Pages

Scores from these community colleges are very low and so are the graduation rates. When students’ scores are this low, how beneficial is the quality of the education at these community colleges? Even students who are fully eligible for the TN Promise program, or college, are not prepared to go. www.highered.org says that this is the case for 60% of incoming college students.

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Texas Iron Triangle

931 Words | 4 Pages

The Congress consists of two institutions: the House of Representatives and the Senate. The House Committee on Higher Education focuses on studying various potentials and strategies, such as new technological advances that would allow students to access and participate in higher education, and how Texas’ resources could be used to improve postsecondary education. The Senate Committee on Higher Education, on the other hand, studies present methods for general academic institutions and community colleges funding, and workforce necessities in each region of Texas, and reviews tuition, fee waivers and exemptions. The House and Senate Committees on Higher Education utilizes the influence of Texas Coalition for Excellence in Higher Education in public opinion, in order to gain favor from the citizens. In return, the House and Senate Committees on Higher Education grants Texas Coalition for Excellence in Higher Education access, passes policies and laws favorable to Texas Coalition for Excellence in Higher Education, and oversight.

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Pell Grant Advantages

440 Words | 2 Pages

The meaning of the Pell grant is to help economically disadvantaged students received a higher education by reducing the burden of the tuition and fee costs, and thereby, increase college participation. However, these good intentions of the Pell grant have caused one profound and unplanned consequence; which is the contribution to growing tuition cost for public and private colleges and universities. Supply and demand are the basic concepts of economics, so it’s no surprise that the increasing demand for higher education brought on by the Pell grant will have the consequence of rising tuition. More importantly, though, when Pell grants are used to pay for college, students are not as concerned with the cost as they would be if they were paying from their own pocket. As a result, the law of demand

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Excerpt From The Book 'Trapped' By Tamara Draut

1067 Words | 5 Pages

In an excerpt from the book called, Strapped, written by Tamara Draut, it talks about how college campuses rather than preparing their students to succeed they have been endorsing products that are initially setting them up to fail. It goes on more than just students of colleges being set up to fail, it also talks about young adults getting credit cards. I will be analyzing and discussing the different aspects of this excerpt. The introduction and thesis statement of this argument seems to be written quite well.

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Argumentative Essay On Mascots

1269 Words | 6 Pages

For example, one college in particular is the University of Mississippi which has been

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Make College More Affordable

892 Words | 4 Pages

Make College More Affordable In the past 30 years, college tuition for private institutions has increased by 146 percent, two year colleges rose by 150 percent and state four year universities by 225 percent (trends.collegeboard.org). Because of these drastic increases in tuition, college is becoming more unaffordable for the average American. People are starting to question if college is worth the expense. According to Washingtonmonthly.com, state support for public colleges and universities has fallen about 26 percent within the last 20 years.

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Persuasive Essay On Student Debt Crisis

1228 Words | 5 Pages

The student loan issues are causing huge problems on both students and society it seems clear enough that students are borrowing a lot of student debt, and they are failing on that debt and aren’t capable of paying it back and that is destroying their ability and threatening their ability to access any more credit in the future. The approaches students are taking to a student loan debt collection are fraught with many problems, including bad recovery tactics and failing on making repayments on the debt. There is no escaping the fact that the cost of college tuition is on the rise and it’s not declining, and that is making it more difficult for students to obtain a degree which is really important to acquire to be able to function in today’s

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Student Debt Argumentative Essay

901 Words | 4 Pages

In the last fifty years the world has gone under many changes but one that is really shocking is the escalating prices of colleges. Since 1985, the price tag in American colleges and universities has

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