A top Senate Democrat on Thursday called for the Obama administration and collegiate accreditors to investigate whether a major for-profit college company, Corinthian Colleges Inc., systematically deceived students, government officials and taxpayers by inflating its job placement rates… At for-profit institutions such as Corinthian’s schools, job placement numbers are key both for recruiting new students and to satisfying non-profit accreditation agencies that certify the schools’ standards. By meeting minimum placement goals for accreditors, Corinthian has been able to tap into federal student aid dollars totaling nearly $10 billion over the last decade — more than 80 percent of the company’s total revenue.

Read full article [here].
by Chris Kirkham, The Huffington Post.

Posted: December 19th, 2013, by: admin. Categories: . Awaiting Comments.