|
STAY CONNECTED:    |
| Join our efforts and let your voice be heard. Receive action alerts and updates on how to get involved. |
THE REAL STORY ON HARKIN & CAREER-ORIENTED EDUCATION
Sep 22 @ 9:22pm
Harkin Commissioned & Pressured Error-Ridden GAO Report: Internal Email Says GAO Was Put Under “Extreme Short Time Frames” By Harkin To Issue Report & Staffers Demanded Inclusion Of Certain Details. “A smoking gun document about an error-ridden GAO report puts …
SASC Responds To Attacks Against Private Sector Schools
Sep 22 @ 7:07pm
Vocational Institutions Educate, Train & Prepare America’s Men & Women In Uniform For 21st Century Jobs Washington, D.C. – The Student Access, Student Choice (SASC) coalition today released the following response from Robert L. Peterson, president of Student Veterans of …
SASC Coalition Calls News Standards “A Positive Step,” Says Administration Should Meet Industry Halfway
Sep 13 @ 9:23pm
Washington, D.C. – The Student Access, Student Choice (SASC) coalition of private sector colleges and universities today released the following statement on the Foundation for Educational Success’ newly released “Standards for Responsible Conduct” pertaining to vocational, post-secondary institutions: “The Foundation …
SASC Applauds Obama Administration Halting New EPA Rule, Says “Gainful Employment” Regulation Should Be Next
Sep 6 @ 8:37pm
Washington, D.C. – The Student Access, Student Choice (SASC) coalition of private sector colleges and universities today released the following statement regarding the Obama Administration’s decision to halt implementation of new Environmental Protection Agency regulations stating the Department of Education’s …
Student Access Student Choice Coalition Calls On White House To Lessen Regulatory Burden On Private Sector Schools
Aug 23 @ 7:20pm
WASHINGTON, D.C. – The Student Access, Student Choice (SASC) coalition of private sector colleges and universities today released the following statement in response to the Obama Administration’s plans to end or cut back regulations that are harmful for businesses and the …
Defunding harmful rule will help students, economy
NH Journal | November 2, 2011
When it comes to public policy, killing two birds with one stone is always ideal, and some House lawmakers are trying to accomplish that goal by defunding a harmful regulation, while also reducing wasteful government spending.
A recently released House Appropriations Committee draft bill to fund the 2012 budgets of the Departments of Labor, Health and Human Services, and Education takes a huge whack at an Obama Administration regulation that will inhibit thousands of Americans from attending the college or university of their choice.
Private-Sector Schools Work With, And For, GIs
Stars and Stripes | October 14, 2011
Active-duty servicemembers and veterans have defended our liberty. We should defend their freedom to choose among the various alternatives for higher education.
The post-9/11 GI Bill greatly expanded benefits for those who wear the uniform. Unfortunately, many lawmakers continue to view higher education as something delivered only on a traditional college campus.
For-profit colleges are a bargain
Roanoke.com | October 13, 2011
The front-page story “For-profit colleges cashing in on GI Bill money” (Oct. 3) and subsequent editorial “A G.I. Bill education” (Oct. 9) perpetuate a number of myths and spurious conclusions regarding private-sector career colleges.
The Oct. 3 article states, “For-profit schools cost twice as much per veteran as public colleges.” Although it might be assumed that public colleges and universities are less expensive than private-sector colleges or for-profit schools, that assumption would be false.
Career Colleges Play Key Role in State Education
South Florida Sun-Sentinel | October 7, 2011
Government Should Leave For-Profit Colleges (and All Colleges) Alone
Independent Women’s Forum | September 12, 2011
Yet another story about another Administration attack on business. This time it’s for-profit colleges that are under fire.
According to the Wall Street Journal, the Administration is preparing to join a lawsuit against a for-profit college, revolving around what plaintiffs claim are inappropriate compensation protocols being used for recruiters at these colleges.
- Hank Herzing on Nationally Syndicated America's Radio - "Mid-Morning Edition"
- Dr. Arthur Keiser Talks about Gainful Employment on the Janet Manfferd Show
- Nothing But Truth :: Belinda Keiser Public Education and the Government
- Al Sullivan on WHO,Des Moines
- Hank Herzing Interview: National Radio Show "Nothing but Truth" on American Family Radio
- Belinda Keiser discusses the misguided Gainful Employment regulation and its harmful impact on students on Hawaii's Rick Hamada Show.
- Latino Chamber of Commerce of Monmouth
- Morris County Hispanic
- NJ Restaurant Association ltr to Senators final
- Target Title to Sen Menendez-gainful employment3-30-11
- TownHall Facts - Not Invective - Should Drive Conversation About Private Career Colleges & Universities
- Big Government Profiteering Off New Regulations on For-Profit Colleges
- DDI Letter - April 2011 -FNL_Menendez
- Elko Daily News Reid Must Lead on Education Equality
- Il Academy of Phys Assistants Exec Dir to Schock2011
- Il Academy of Phys Assistants Exec Dir to Schock2011_1
- Las Vegas Business Press Gainful Employment Plan Could Keep People From Needed Training
- Renarde on GE
- Sullivan - D L Maddox - Budget April 2011 - to Sen McConnell (2)
- Il Academy of Phys Assistants Exec Dir to Durbin2011
- Il Academy of Phys Assistants Exec Dir to Kirk2011
- Il Academy of Phys Assistants Exec Dir to Kirk2011_1
- BLACK CHAMBER OF COMMERCE OF LAKE COUNTY Letter to Rep Dold
- Center for Individual Freedom Congratulates House Vote Defunding Obama Administration's Gainful Employment Regulation
- Coalition for Educational Success Applauds House Vote to Stop Gainful Employment Regulation
- Dr. M Ray Perryman Letter Against Gainful Employment
- Hispanic Leadership Fund House should ban funding for 'gainful employment' regulation
- Lakeland Area Chamber of Commerce Support Amendment
- Latin Chamber of Commerce Supports Amendment
- MANA Applauds Passage of Amendment
- Marathon Pundit Minority business leaders speak up in favor of for-profit colleges
- National Black Chamber of Commerce Gainful employment will hurt minority low income students
- National Black Chamber of Commerce House Helps Protect Minority Students by Voting to Defund Gainful Employment
- National Restaurant Association Support of Amendment
- National Urban League Op-Ed Against GE
- Randy Proto House Makes Right Call in Blocking Funding For Gainful Employment Rule
- Randy Proto House Makes Right Call in Blocking Funding For Gainful Employment Rule_1
- SenatorReid_Letter03 07 2011
- Small Business & Entrepreneurship Council Countering America's regulatory burden Congress sees jobs as topmost priority
- The Latino Coalition The Latino Coalition Lauds Congressional Action to Block Funding for Gainful Employment Rule
- The State Column Rep. GT Thompson Advances Measure to End Job-Destroying Education Regulation
- Wisconsin Black Chamber of Commerce Letter to Congresswoman Moore
- American Spectator Ruben Hopkins President-CEO Wisconsin Black Chamber of Commerce
- Associated Industries of Florida Supports Amendment
- Associaton for Career and Technical Education Support of Amendment
- The Hispanic Leadership Fund Statement in Response to Senator Harkin
- SASC News Release: SASC Supports Effort by Senators to Investigate Doe Proposal
- Letter to the Inspector General of the Department of Education from U.S. Senators Richard Burr and Tom A.Coburn, M.D.
- PPI: Senate Testimony Underscores Important Role of Career Colleges
- SASC Coalition Members" Letter Responding to Senate HELP Committee Hearing
- The New York Observer Headline: “Steve Eisman’s $7 Billion Hedge Fund FrontPoint On Death’s Door” (Max Abelson, “Steve Eisman's $7 Billion Hedge Fund FrontPoint On Death's Door,” The New York Observer, 11/26/10)
- FrontPoint Part Of Insider Trading Investigations & Former Manager Charged: Federal Prosecutors Filed Charges Against Former FrontPoint Manager. “Federal prosecutors have filed securities fraud charges against a former hedge fund manager at FrontPoint Partners, making him the latest target in the government’s sweeping insider trading investigation. Joseph F. Skowron, the hedge fund manager, who specialized in health care funds, also faces charges for conspiring to hide his role in an illicit trading scheme, according to a complaint filed by federal prosecutors in Manhattan. Mr. Skowron, known as Chip, surrendered to the F.B.I. on Wednesday.” (Ben Protess, “Former Frontpoint Manager Charged With Insider Trading,” New York Times, 4/13/11)
- FrontPoint Clients Are Seeking $3 Billion Amid Insider Probe. “FrontPoint Partners LLC got withdrawal requests from investors of about $3 billion for the end of the year after a manager of its health-care funds allegedly received insider information. FrontPoint, based in Greenwich, Connecticut, is working with several clients who have indicated they may rescind their redemption requests, and as a result it expects to start next year with $5 billion in assets, according to a letter sent to investors today. The firm had $7.5 billion under management at the beginning of November.”(SaijelKishan, “FrontPoint Clients Seek $3 Billion Amid Insider Probe,” Bloomberg, 11/26/10)
- “Clients Pulled Money After A Portfolio Manager At The Firm Allegedly Received Tips About The Results Of Human Genome Sciences Inc. Trials For The Drug Albuferon, According To A Person Briefed On Matter.” (SaijelKishan, “FrontPoint Clients Seek $3 Billion Amid Insider Probe,” Bloomberg, 11/26/10)
- “The Firm Had Been Pulled Into The Gargantuan Insider Trading Investigations Because Of The Charming Joseph F. ‘Chip’ Skowron III, Frontpoint’s Health-Care Funds Co-Head. He Allegedly Saved Frontpoint $30 Million Thanks To Illegal Information From A Man Named Yves M. Benhamou.”(Max Abelson, “Steve Eisman's $7 Billion Hedge Fund FrontPoint On Death's Door,” The New York Observer, 11/26/10)
- Wall Street Short Seller Steve Eisman Serves As FrontPoint Portfolio Manager: “Steven Eisman’s The Portfolio Manager Of The Frontpoint Financial Services Fund, Which Began Operations On March 26, 2004.”(MIT Website, http://mitsloan.mit.edu, Accessed 11/22/10)
- Eisman Was Featured In Michael Lewis’ Book “The Big Short” For Foreseeing Housing Meltdown And Making Millions By Shorting It. (Michiko Kakutani, “Investors Who Foresaw, And Jumped On, The Meltdown,” The New York Times, 3/15/10)
- Eisman Has Access Over Government Officials Creating “Gainful Employment” Rule Even As He Profits From It: Eisman Met With Senior Department Of Education Officials In April, Less Than Two Months Before The Department Issued Its First Batch Of Regulations Targeting For-Profit Colleges. “On April 26, 2010, Steven Eisman, famed short-seller, met secretly with two senior DOE officials, Deputy Undersecretary of DOE Robert Shireman and Acting Deputy Assistant for Policy and Budget, David Bergeron. Less than two months later, the Department issued its first batch of regulations targeting only for-profit colleges…” (Lanny Davis, “Op-Ed, What Transparency By The Department of Education?” The Huffington Post, 11/26/10)
- “The Department Didn’t Disclose This Eisman Meeting With Such Top Officials – Only An Enterprising Reporter At Fortune Dug It Out And Wrote About It Last Month.”(Lanny Davis, “Op-Ed, What Transparency By The Department Of Education?” The Huffington Post, 11/26/10)
- According To Fortune Reporter, The Meeting Was To Discuss A Speech Eisman Was About To Make. (David Kaplan, “Did Steve Eisman Unduly Influence The Education Dept.?” Fortune, 11/2/10)
- “The DOE’s Discussion With Eisman In April Had Involved Two DOE Officials: David Bergeron, An Acting Deputy Assistant Secretary For Policy And Budget, And Robert Shireman, At The Time A Deputy Undersecretary And The Key Critic Of For-Profit Abuses, Who Joined By Phone.”(David Kaplan, “Did Steve Eisman Unduly Influence The Education Dept.?” Fortune, 11/2/10)
- Two Days After Meeting, DOE Official Shireman Gave A Speech Comparing For-Profit Colleges To Financial Institutions That Caused 2008 Meltdown; Twice Using Word “Subprime.” “Two days after that discussion with Eisman, on April 28, Shireman delivered a speech in St. Paul at the annual meeting of state regulators in which he likened for-profit colleges to the financial institutions that took excessive risks and caused the 2008 meltdown. He twice mentioned ‘subprime,’ though his rebuke was less colorful than the one Eisman later offered at the Sohn conference and in congressional testimony.” (David Kaplan, “Did Steve Eisman Unduly Influence The Education Dept.?” Fortune, 11/2/10)
- “Eisman Also Had An April 15 Telephone Conference With Staffers From Harkin’s Health, Education, Labor And Pensions Committee, And Met With Harkin Staff In May, According To Justine Sessions, A Spokeswoman For The Senator.” (Kambiz Foroohar And Esme E. Deprez, “Big Short Eisman Vies With Goldman In Faceoff Over For-Profits,” Bloomberg, 1/24/11)
- Eisman Gave Highly Publicized Speech In May 2010 Comparing For-Profit Colleges To Subprime Mortgage Industry. “The highly publicized speech at the Ira Sohn Investment Research Conference in Manhattan on May 26 was titled ‘Subprime Goes to College.’ In it, Eisman compared for-profit schools to the subprime mortgage industry and warned of $275 billion of defaults by students at for-profits over the next decade – unless the DOE adopted new regulations. After his speech, shares of for-profit education companies ITT Educational Services (ESI) and Corinthian Colleges (COCO) each declined 3%.”(David Kaplan, “Did Steve Eisman Unduly Influence The Education Dept.?” Fortune, 11/2/10)
- During Presentation, Eisman Noted He Was Shorting Private Education Stocks. “CNBC’s Herb Greenberg is reporting that hedge fund manager Steve Eisman has recently established a short position in Strayer Education (NASDAQ: STRA). On May 24th, Eisman revealed that he was shorting private education stocks in a presentation entitled ‘Sub-prime Goes To College.’” (Scott Rubin, “Steve Eisman Is Shorting Strayer,” http://www.benzinga.com, 8/30/10)
- Mother Jones Headline: “Steve Eisman’s Next Big Short: For-Profit Colleges” (Andy Kroll, “Steve Eisman’s Next Big Short: For-Profit Colleges,” Mother Jones, 5/27/10)
- “A Month Later, In June, Eisman Made The Same Remarks In Testimony Before The Senate Education Committee.”(David Kaplan, “Did Steve Eisman Unduly Influence The Education Dept.?” Fortune, 11/2/10)
- “In An Interview Last Month [October] Eisman Declined To Say Whether His Short Positions Benefited From The Price Declines After The Sohn Speech Or Senate Testimony.” (David Kaplan, “Did Steve Eisman Unduly Influence The Education Dept.?” Fortune, 11/2/10)
- Students at career colleges have a higher completion rate (38%) than students at community colleges (17%) three years after enrollment.
- Career colleges have a graduation rate nearly 20% higher than that of public institutions.
- Students enrolled in a 2-year (or shorter) career college program had total income gains, on average, of $7,900, compared to comparable students at public schools ($7,300).
Copyright © 2010 |
About | Privacy Policy | Contact Us |