75000 out school , 10000 employees out job because Obama administration failed wisely regulate the for-profit schools. CCI's shutdown is going to have grave economic ramifications into other industry's
14 replies (most recent on top)
The Senior Leadership is to blame for this. This is not the government's fault.
UOP, ITT and Decry, you are next...
There is a place in the world for for-profit educators, but there is NO place for people like CCI. CCI's demise will force others to clean up their act. This is a GOOD thing.
I saw plenty of Republicans telling us about the miracles of for-profit schools and how eager these corporations were to help students, but that was before this mess exploded. So no, don't expect to hear from any Republicans taking responsibility for how laughably, pathetically wrong they were about the merits of allowing dumbass MBAs to run colleges.
I don't see too many Republicans coming to the defense of CCI. Some decisions are just common sense.
This is what regulation is, expecting honest reporting and following up with consequences with schools that lie and cheat. I think what you're looking for is called corruption not regulation, so you may need to see if a Republican can help you out.
Obama recorded attendance when the student wasn't even there.
Obama abused Title IV and coaxed students into sub prime alt loans, then destroyed the evidence.
Yeah, Obama altered student records, falsified placement information and defrauded students. Obama charged excessive tuition and enrolled students who couldn't pass. Yeah, that's the ticket.
Obama changed grades.
Obama lied about their placements.
You are an idiot. Obama had nothing to do with this mess. Go back under your rock or troll somewhere else. Jesus people, come on!
Obama ignored the ED about documents for months.
OBAMA falsified documents.