“Walter Ochinko, research director for Veterans Education Success, told The Capitol Forum he wasn’t surprised to hear about Perdoceo’s 90/10 manipulation strategies. ‘For-profit schools closely monitor their compliance with the 90/10 Rule and resort to well-documented techniques to manage their revenue from Title IV.’

‘In 2012, Career Education Corporation consolidated OPEIDs to mitigate the risk of non-compliance with 90/10,’ Ochinko said. ‘It’s a technique schools can use to manipulate the 90/10 Rule. If Trident’s dependence on Title IV funds is low and AIU’s dependence is high, it behooves the company to acquire Trident and combine schools,’ Ochinko said.”

Read the full news report here