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With Lobbying Blitz, For-Profit Colleges Diluted New Rules

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alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 07:42 PM
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With Lobbying Blitz, For-Profit Colleges Diluted New Rules
Source: NYT

Last year, the Obama administration vowed to stop for-profit colleges from luring students with false promises. In an opening volley that shook the $30 billion industry, officials proposed new restrictions to cut off the huge flow of federal aid to unfit programs.

But after a ferocious response that administration officials called one of the most intense they had seen, the Education Department produced a much-weakened final plan that almost certainly will have far less impact as it goes into effect next year.

The story of how the for-profit colleges survived the threat of a major federal crackdown offers a case study in Washington power brokering. Rattled by the administrations tough talk, the colleges spent more than $16 million on an all-star list of prominent figures, particularly Democrats with close ties to the White House, to plot strategy, mend their battered image and plead their case.

Anita Dunn, a close friend of President Obama and his former White House communications director, worked with Kaplan University, one of the embattled school networks. Jamie Rubin, a major fund-raising bundler for the presidents re-election campaign, met with administration officials about ATI, a college network based in Dallas, in which Mr. Rubins private-equity firm has a stake.

Read more: http://www.nytimes.com/2011/12/10/us/politics/for-profi...
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scentopine Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 08:26 PM
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1. LOL! The great appeasment continues. Wall Street knocks Obama around with a few puffs of air -nt
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benld74 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 08:27 PM
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2. F*ck these people! God dammit Wrong is wrong NO MATTER what side u are on!!!!!!!
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Shoe Horn Donating Member (54 posts) Send PM | Profile | Ignore Sat Dec-10-11 02:27 AM
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3. Jeeesus Christ. And this is just the for-profits!
What about the corruption and useless degrees being bought through non-profits?
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