Education Secretary Betsy DeVos’s move to reverse Obama-era restrictions on for-profit colleges and reinvigorate the shady industry has backfired spectacularly.
Since DeVos and team greenlighted the accreditation of one of the nation’s largest chains of for-profit colleges, Dream Center Education Holdings, and its purchase of schools, thousands of students have been affected by school closures and conversion to nonprofit status. One group of students that have been greatly affected are military veterans, who have racked up useless credits and massive debts that can become the burden of taxpayers and the federal government to the tune of hundreds of millions of dollars.
“For-profit schools really aggressively target veteran students and spend a ton on marketing, but spend little on instruction,” Walter Ochinko, Research Director at Veterans Educations Services, told DCReport.
Read the full story at Salon, “How Financially Troubled Colleges Rip off Veterans,” published August 5, 2019