As school choice continues to gain momentum, charter school companies such as BASIS are seen as the solution to public education’s ills.
The proprietary schools – which include dozens of storefront beauty, computer and culinary operations – would have violated an anti-profiteering law were it not for a loophole that excludes the GI Bill and tuition assistance to active duty military.
In California, a unique new formula provides extra dollars for poor districts based on how many disadvantaged students they have, and encourages local decision-making and experimentation on how to reach and teach these kids.
Over the past decade, there have been at least 65 state and federal investigations against for-profit colleges. More than 25 of these investigations have ended in court settlements or judgments worth over $1.5 billion. Yet to date, fewer than 35,000 people across the nation have been confirmed to have gotten any money back from their for-profit schools because of these court actions.
In recent years, schools around the country have made a major push to put wireless devices into the hands of every student. But it creates a disadvantage for those who don’t have access to the internet at home.
A lawsuit has been delayed numerous times, including two rounds of settlement talks. It has dragged on for eight years.
Corinthian Colleges was one of the world’s largest for-profit college chains – and one of the biggest moneymakers. But even in a boom-and-bust business, its closure and bankruptcy in 2015 was a remarkable collapse.
Texas state law guarantees many students a chance to go to one of the state’s flagship universities if their grades place them near the top of their class. But few top students from poor, mostly minority high schools actually attend.
Just about everyone involved in the student loan industry these days – banks, private investors and even the federal government – makes money off the borrowers. On this episode of Reveal, we explore how this happened and who’s profiting from student debt.