If we are so concerned about tax dollars and job placement rates, why aren't the public universities which receive tens of billions of tax dollars for tuition held to the same standards as "for profit" schools? I challenge anyone to find a public university with a 50% placement rate with in field of study. You won't find one. Also, try and find a major university without at minimum of 100 million in their endowment funds or a Dean with a smaller salary than Jack Massimo. You won't find one of those either. This is nothing more than a political which hunt. The fed wants to run every aspect of our lives and this just advances their hold in education.
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It is because of that n!gger Obama!
For profits have significantly higher loan default rates then traditional schools. When CCI students default, taxpayers pay a lot more. Put The crapiest 4 Florida state schools against Everest University online and compare loan defaults, academic quality, entrance requirements, and overall student indebtness. Everest wouldn't even compare...NO CCI school would. Add in that traditional schools leaders don't give the finger to the ED when the ED requests things from them, you have the whole story. CCI has operated like a rogue state for years, now they are gonna pay.
I'm guessing the original poster either went to a for profit or called it quits after high school... I can remember waiting g for an acceptance letter. You can't compare these for profit schools with real college. Having worked at CCI I can tell you it was truly a culture shock.
It is pointless to argue with people who don't understand that CCI runs mostly pretend colleges. Everest University is not a real college. Nobody in academia recognizes Everest University as legitimate. Nobody.
Anonymous20854 you are not correct in your statement that public and not-for profits are held to the same standards. I have been in higher education (administration) for 17 years. With gainful employment, placement rates and salaries are required. Since when did public institutions have to track placement rates and salaries of their grads? Obviously since for-profit is outcomes based, they track this information but public institutions do not! With this alone...how can you say they are held to the same standards?
There should be oversight for all, but let's not compare institutions that rely on 40/60 title IV to those who are barely under the 90/10 rule just yet. This doesn't mean that public institutions should not be held to a similar standard; it means that we need to address the vampires first before the taxpayers bleed out.
20848 - You should probably research the history of non-profit and public education before making these claims. All universities, profit or non-profit, are subject to the same regulations by the DOE. The for-profit industry has been wrought with problems for the last 5 years (at the very least), and not just CCI. I have worked for two for-profit schools and many traditional universities and community colleges, and the differences in how business is handled is egregious, even down to the classroom level. Traditional community colleges and Universities don't have fake plagiarism policies, predatory recruiters and lending practices, and have a sense of accountability. They also don't have an open enrollment policy which basically allows anyone with a heartbeat to enter, as long as they can write a check, regardless of whether they are prepared for college. (Or can read, in the case of Everest Ontario.) Additionally, there ARE other examples of traditional community colleges being shut down and/or losing accreditation due to underperformance, I.e. Compton College, City College of San Francisco, Pima College in AZ. This is not about politics. This is about seeking to correct issues in an industry that blatantly takes advantage of students and employees, and allows its CEO and executives to flagrantly profit from it.
"I not suggesting that CCi is innocent of all wrongdoing, but this is like sentencing someone to death before the trial begins." CCi knew there was a risk of being put on increased monitoring, yet CCi had no cash.
Anonymous 20844, I agree with you 100%. Where is the accountability for non profit schools or the public school system? Like I said before, people are complaining that CCi enrolls students that can't read or write and I agree because I've seen it. The problem I have is how did these students get a high school diploma? If the public school system did their job these students would be able to read and write or they wouldn't have a diploma. It is also true that the Obama administration has declared war on all for profit businesses that he doesn't like. Some examples are: Coal industry, Oil companies (Keystone pipeline), Fracking, For-profit education, Coal fired power plants and the list goes on. Now if CCi's employees were union backed Obama would be all for keeping them in business. There are many state and federal accusations against CCi (all by democratic politicians) and as of yet, there have been no guilty findings. I not suggesting that CCi is innocent of all wrongdoing, but this is like sentencing someone to death before the trial begins.
What a bunch of Obama voters. The reason they are going after for profit schools is because there is the word profit. I do believe that if you take federal FA money you have to follow the same rules as the for-profit schools. They even have to show placement just like the for-profits. Obama even said he was going after for profit.
Learning Jack's correct name would be a good start for you. Also, Jack's annual compensation, according to Forbes, ranges near $3 million dollars. I could point you to HUNDREDS of college deans who make one TENTH of that amount.
Do some research before making outlandish claims.
Oh, and by the way, the DOE DOES investigate non-profit colleges; they just don't find the kinds of egregious practices so prevalent at Corinthian.
Man you're an idiot. Public Universities don't target non qualified students with promises of high paying job. They actually have standards and very few, if any, accept 100% of their applicants. They take ACT, SAT, have to meet GPA requirements, write essays, and in some cases, interview to get accepted. Does everest do that? It's night and day. Top public Universities like UC Berkley rejects almost 80% of their applicants. Does CCI reject 80% of the applicants? Man ... you're an idiot.
Who cares? This has nothing to do with us.