Corinthian Colleges, a for-profit education company, is running a “shameless, misleading” ad campaign charging that proposed gainful employment rules will “cost 100,000 jobs and prevent a million students from going to college,” writes Bill Tucker on The Quick and the Ed.
The worst part is the blatant attempt to position Corinthian as the defender of low-income and minority students, the same students saddled with debt.
Corinthian claims its facts are based on an “independent analysis” by the Parthenon Group. But Parthenon, a for-profit education consultant, works for the industry.
And, while the Parthenon Group’s analysis is straight from the “throw a bunch of statistics and footnotes into a dense, unreadable paper and hope no one notices that we pulled these numbers from thin air” school of research, a big piece of the argument is that the regulations will make many more schools ineligible for federal financial aid because the students take on way more debt than assumed.
The logic is peculiar.
National Journal asks: Should federal loans be governed by the proposed “gainful employment” rule? Education Sector’s Ben Miller and several representatives of career colleges debate the question.
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[...] federal rules that link loan eligibility to graduates’ ability to pay back loans. “Shameless and misleading,” writes Education Sector’s Bill [...]
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[...] This post was mentioned on Twitter by Guy Adim, Joanne Jacobs. Joanne Jacobs said: Blog: Corinthian: Let my students go into debt http://communitycollegespotlight.org/content/corinthian-let-my-students-go-into-debt_1897/ [...]