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Major for-profit college chain abruptly announces closure of dozens of schools

AncientGeek

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Because private businesses do it SO much better than the government. Let's hear it for prisons for fun and profit too.

'ACICS was shut down by the Obama administration over allegations of lax oversight, but was later reinstated on Nov. 21 by Education Secretary Betsy DeVos, who found it was "substantially in compliance" with federal standards.
Virginia Rep. Bobby Scott, the top Democrat on the House Education and the Workforce Committee, urged DeVos to rethink her decision on ACICS after the Wednesday closure.
"We have repeatedly warned about the risks low-quality, for-profit education companies and irresponsible accreditors pose to students and taxpayers across the country," Scott said in a statement. "Today's announcement is another painful reminder of those risks."'

https://www.nbcnews.com/news/educat...ptly-announces-closure-dozens-schools-n944696
 

Samhain

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Because private businesses do it SO much better than the government. Let's hear it for prisons for fun and profit too.

'ACICS was shut down by the Obama administration over allegations of lax oversight, but was later reinstated on Nov. 21 by Education Secretary Betsy DeVos, who found it was "substantially in compliance" with federal standards.
Virginia Rep. Bobby Scott, the top Democrat on the House Education and the Workforce Committee, urged DeVos to rethink her decision on ACICS after the Wednesday closure.
"We have repeatedly warned about the risks low-quality, for-profit education companies and irresponsible accreditors pose to students and taxpayers across the country," Scott said in a statement. "Today's announcement is another painful reminder of those risks."'

https://www.nbcnews.com/news/educat...ptly-announces-closure-dozens-schools-n944696

"the company's impending loss of accreditation, along with added requirements from the U.S. Department of Education, made the company unable to raise more money to operate the schools while it sought to reorganize."

The government engaged watchdog agency, ACICS, tells the school that they are losing accreditation due to financial insolvency & concerns, so they close due to financial insolvency.

And your quote states that ACICS should be shut down.

Color me confused. The government pushed them into closing, but that was a bad thing? Or was it bad that they closed, and would have done so without the government recognizing they had financial problems?
 

haymarket

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Maybe Battling Betsy can rush in with a big check courtesy of the Trump administration to bail them out? :doh:roll:
 

Phys251

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Because private businesses do it SO much better than the government. Let's hear it for prisons for fun and profit too.

'ACICS was shut down by the Obama administration over allegations of lax oversight, but was later reinstated on Nov. 21 by Education Secretary Betsy DeVos, who found it was "substantially in compliance" with federal standards.
Virginia Rep. Bobby Scott, the top Democrat on the House Education and the Workforce Committee, urged DeVos to rethink her decision on ACICS after the Wednesday closure.
"We have repeatedly warned about the risks low-quality, for-profit education companies and irresponsible accreditors pose to students and taxpayers across the country," Scott said in a statement. "Today's announcement is another painful reminder of those risks."'

https://www.nbcnews.com/news/educat...ptly-announces-closure-dozens-schools-n944696

And our joke of a secretary of education is fine with those shady for-profit colleges. :doh
 

Samhain

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And our joke of a secretary of education is fine with those shady for-profit colleges. :doh

The article indicates that she reactivated the ACICS watchdog, which identified this company as out of whack financially, pulled their accreditation, and led to them shutting down.

Please explain how that makes her ok with shady schools. The OP's quote is referring to the watchdog of for-profit schools, not the school.
 

AncientGeek

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"the company's impending loss of accreditation, along with added requirements from the U.S. Department of Education, made the company unable to raise more money to operate the schools while it sought to reorganize."

The government engaged watchdog agency, ACICS, tells the school that they are losing accreditation due to financial insolvency & concerns, so they close due to financial insolvency.

And your quote states that ACICS should be shut down.

Color me confused. The government pushed them into closing, but that was a bad thing? Or was it bad that they closed, and would have done so without the government recognizing they had financial problems?

It is a bad thing that they weren't closed before they sucked money from 20,000 students they abandoned. It is a bad thing that this administration killed the requirement that a for profit school should publish how many of their graduates get jobs.
 

dcsports

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It is a bad thing that they weren't closed before they sucked money from 20,000 students they abandoned. It is a bad thing that this administration killed the requirement that a for profit school should publish how many of their graduates get jobs.

It was not a good situation. If you'll note from the article, the Department of Education recognized the issue and was working to shut them down in an orderly fashion so that those students wouldn't be abandoned in the middle of a semester.

And in response to your first post, private businesses do many tasks better than the government, and virtually always more efficiently. Even in this case, them closing will allow those students to go to other institutions, which will serve them better. More efficient and effective schools will thrive. When a public college performs poorly, it limps along, living off the taxpayer, and doing a disservice to its students.
 

AncientGeek

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It was not a good situation. If you'll note from the article, the Department of Education recognized the issue and was working to shut them down in an orderly fashion so that those students wouldn't be abandoned in the middle of a semester.

And in response to your first post, private businesses do many tasks better than the government, and virtually always more efficiently. Even in this case, them closing will allow those students to go to other institutions, which will serve them better. More efficient and effective schools will thrive. When a public college performs poorly, it limps along, living off the taxpayer, and doing a disservice to its students.

I believe it is in the best interest of a country to educate its citizens to the extent of their ability. While China is training the people who will create the next generation of AI, we are trying to save a few coal mining jobs and become the leader in 18th century industry.

While "efficiency" is good for the institution's bottom line; it is not necessarily good for the customer's outcome. See: Trump University.
 
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JustHanging

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'ACICS was shut down by the Obama administration over allegations of lax oversight, but was later reinstated on Nov. 21 by Education Secretary Betsy DeVos, who found it was "substantially in compliance" with federal standards.
Virginia Rep. Bobby Scott, the top Democrat on the House Education and the Workforce Committee, urged DeVos to rethink her decision on ACICS after the Wednesday closure.
"We have repeatedly warned about the risks low-quality, for-profit education companies and irresponsible accreditors pose to students and taxpayers across the country," Scott said in a statement. "Today's announcement is another painful reminder of those risks."'

Come on, when the POTUS runs:

$25 million settlement finalized in Trump University lawsuit


Surely this Rep. must understand DeVos has been put there to support Trump and his flimflams, not tear them down.
 
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