Washington Post neck deep in for-profit higher ed scandal

http://twitter.com/#!/GulagBound/status/177959584219148288

From Accuracy in Media:

A former admissions adviser for Kaplan explained how The Washington Post was used in their sales pitch to prospective students.

“One of the things that I always said was, ‘As you may know, Kaplan is owned by The Washington Post, a paper known for having really high ethics,’ he said. ‘As you can imagine, The Washington Post would never involve itself in anything that would reflect poorly on its reputation.’”

But the prestige and high ethics promised by a relationship with the Post never materialized. Melvin learned the hard way, as have other students, that the Kaplan experience consists of “high prices, uneven performance and shady marketing practices.”5 Worse, the university, for all of its selling points, has a dropout rate of nearly 70%, and those who do graduate earn well below the national average for college graduates—outcomes not exactly befitting of a money-making juggernaut and its supposedly ethical parent company.

Unfortunately, Melvin’s experience is not an isolated incident. Targeting and recruiting veterans is such a common practice among for-profit colleges that it prompted Senator Dick Durbin of Illinois to introduce legislation which would eliminate the financial incentive for these colleges to aggressively recruit veterans into pricey programs.6 A report in the Chicago Tribune explains that “military veterans are being aggressively recruited… because of their lucrative forms of federal aid, such as GI Bill funds and Department of Defense tuition assistance benefits.” Such funds are not bound by the 90/10 rule, which bars the for-profits from deriving more than 90 percent of their revenue from the Department of Education’s federal student-aid programs.

The article goes on to discuss WaPo/Kaplan lobbying and allegations of insider trading on Kaplan stock.

Read more: http://twitchy.com/2012/03/09/washington-post-neck-deep-in-for-profit-higher-ed-scandal/

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