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Monday, April 8, 2013

Massachusetts sues for-profit school, alleging false promises

Massachusetts is taking action against a for-profit vocational school, alleging that it falsely promised to train its students for well-paying jobs in the medical field with misleading job placement statistics.  The Boston Globe reports that Massachusetts attorney general Martha Coakley's office has sued Sullivan & Cogliano Training Centers, Inc., contending that advertisements of a 70 percent to 100 percent placement rate were false, with many graduates actually working in fast food jobs.

Friday, April 5, 2013

NYC Officials Seeks Data From DeVry, Career Education Corp.

The Chronicle of Higher Education reports that New York City Comptroller John C. Liu is calling upon DeVry, Inc. and Career Education Corporation to disclose students' loan-repayment rates and debt-to-income ratios.  These statistics are tied to one of the most widespread problems in the for-profit school industry: gainful employment among graduates.  The Comptroller's request to two of the nation's largest for-profit schools was made via shareholder resolutions.