Marco Rubio Went to Bat for Corinthian Colleges
Source: Bloomberg
Last summer, Senator Marco Rubio of Florida asked the U.S. Department of Education to "demonstrate leniency" toward Corinthian Colleges by permitting the wealthy for-profit company to continue accessing millions of dollars in federal financial aid while it was cooperating with a federal investigation.
Ten months later, the company shuttered its remaining 28 campuses, instantly displacing some 16,000 students just days after it was fined $30 million by the Department of Education for a scheme involving "confirmed cases of misrepresentation of job placement rates" for as many as 947 students. The decision to close shop came after years of federal and state investigations into the company.
The top-tier Republican presidential candidate had made his plea in a letter—obtained by Bloomberg Politics—dated June 20, 2014 and addressed to Jim Shelton, the deputy secretary of education, and Ted Mitchell, the undersecretary for post-secondary education.
"It has been brought to my attention that the U.S. Department of Education has recently placed extreme financial constraints on Corinthian Colleges, Inc. by restricting the company's timely access to federal financial aid. It is my understanding the the Department of Education has requested extensive documents be provided by Corinthian Colleges for review, and Corinthian has acted in good faith to try to provide these documents as expeditiously as possible," Rubio wrote.
Read more: http://www.bloomberg.com/politics/articles/2015-04-29/marco-rubio-goes-to-bat-for-corinthian-colleges
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That's the ticket Rubio come out to help a for-profit institution that lies about the ability to help out students with there debt costs with fake job placement advertising and then they go...........and promise the moon.
The (students / parents) are in hock up to the proverbial eyeballs and drowning fasters than you can say 8.5% interest rates and owning over $50,000+ in financial aid costs.
Then if they get a "job" or don't get a job because of the trade policies, low wages, ect.... in this country.
Which supports outsourcing on your republican platform, they get further into debt.
They can't file for relief or bankruptcy because federal law will take whatever they have to pay the bill now-------
But this for profit institution can go and file for bankruptcy, pay the CEO and anyone else with there pay for this for profit scheme and then sell the assets to pay off its creditors-----nice job ----bucko- a-- Rubio.
And then to top it all off, you go around just like your mentor Jebby Bush, wanting to gut and cut public education and shift the public funds cost's to a for profit entity like charter schools or private universities--------great no transparency with more "CEO'S running the show and tell.
It should be mentioned that you came out and supported the KOCH corruption of buying politicians off like yourself thanks to the U.S. Supreme court (Citizen United).
By having this ruling with these two hypocrites they now fund the economics department to spew there right wing libertarian rhetoric at the University of Florida, or they the Koch's oligarchy will gut and cut the funding-----how quaint.
You, and good old Jebby Bush haven't presented one bill or one campaign speech to offer parents / students a two year free education program like they are bringing back into the California system (after Ronnie the right wing hypocrite Reagan and Board of Regents gutted the program, because like Eldridge Cleaver said, he Reagan was a punk) to relieve the pressure on both parents and students in Florida -----nope----not once.
Then, you, Rubio make a comment that the Department of Education has placed financial constraints on this particular college-------well---- zippy------ when it comes to lies and the use of taxpayer money to perpetuate a false claim--------that's the job of the Department of Education to shut down scams --------or did you forget that mantra , when you were in law school to protect the public good, or were you sleeping in class or did someone else sit in for you?
