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The California Attorney General's office filed suit today (Oct. 10) against Corinthian Colleges, a Santa Ana-based for-profit university, accusing the company of false advertising, misrepresentations to students, and securities fraud.

Corinthian identified its core demographic with words such as "isolated," "low self-esteem," and "impatient," according to the Los Angeles Times.

In July, the AG's office asked a court to order Bridgepoint Education, a controversial for-profit university based in San Diego, to turn over hundreds of thousands of documents and records. This was also part of the state's investigation of possible fraudulent advertising at for-profit schools.

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Comments

rehftmann Oct. 11, 2013 @ 10:34 a.m.

I'm glad somebody is paying attention to the man behind the curtain. The diploma mills are grinding up billions. One bad witch to watch in San Diego is Art Institute, one of a chain owned largely by the sensitive patrons of culture at Goldman Sachs. The Fed's have been on to their parent company, Education Management Corp, for years, trying to bust them for b-billions of dollars in loans for tuition sold by commission sales teams, a Sallie Mae no-no. Their operation in their own building in Mission Valley is a model of sales-driven business. (Call at your own risk. A salesman will follow you and your family beyond the grave. Their retention/sales program makes military recruitment and the NSA look like kids selling lemonade. It would be less bother to inquire about Scientology, and not much different if you signed up.) As a professor in a public community college, it breaks my heart to get their "graduates" carrying almost $100K in debt, still trying to learn some marketable skills (because they have so little to offer other than the diploma the guy behind the curtain gave them, in a market that's too little for any skills).

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Don Bauder Oct. 11, 2013 @ 2:36 p.m.

rehftmann: Very interesting information. I have been following Bridgepoint for years, as well as some others. Maybe I should shift my emphasis somewhat. Best, Don Bauder

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Visduh Oct. 11, 2013 @ 8:57 p.m.

rehftmann, you've made a couple very informative comments recently. I hope you will continue to do those. We need information and we need intelligent, literate comments. I fully agree with you about these (for want of a better and more modern term) diploma mills, and think they are a scandal. Recently the head of the new veterans organization of Iraq and Afghanistan service members accused these operations of sucking the educational trust funds dry, failing to deliver anything of value to the veterans they recruit, and of leaving them deeply in debt. Those young folks are on to the scams, and we can only hope they can get congress to see them as scams, not schools.

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Don Bauder Oct. 11, 2013 @ 9:33 p.m.

Visduh: Generally, most Republicans and some Democrats have backed these for-profit, publicly held purported educational institutions, proclaiming them to be another example of capitalism and free enterprise at work. Balderdash. Most are scams, sucking money from students and from taxpayers.

And I agree with you. Let's hear more from Rehftmann. He has much to say. Best, Don Bauder

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rehftmann Oct. 12, 2013 @ 10:18 a.m.

Thanks for the encouragement. Maybe I'm not whistling into the wind. The left/right/center support of alternates to public education is a worrying thread of a great unravelling. Today's students have every right and reason to be panicky. Now they enter a degree program knowing their field will have evolved, perhaps out of existence, before the great and powerful wizard awards them. Their professors can hardly keep up with their field, the fashions for teaching, and the administrative requirements for proving their doing all the above. Armed with a diploma and a debt, students face a world where owners rule the economy, with no pesky unions and a world of cheaper labor. With their diploma yellowing and loan payments reddening, graduates compete for an unpaid internship, which might lead to a sub-living wage internship and maybe a contract/part time job. Starting off behind the eight ball, they may as well go back to school. They aren't making a living for themselves, but they are good for business.The fear of falling drives them into the arms of the owners. Where else does the next generation (and most of today's workers) have to go? Rolling Stone's Matt Tabai just wrote a dark story about the top-to-bottom racket in student loans, saying the government actually profits on defaults.

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Don Bauder Oct. 12, 2013 @ 2:22 p.m.

rehftmann: I try to catch everything Matt Taibbi writes, but I apparently missed that one. No question: the student debt (more than a $trillion ) is a festering problem. The for-profit colleges account for about 10% of student debt and around 45% of student debt default. Yet reform efforts are not going very far. Please continue sharing your wisdom with us. Best, Don Bauder

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John Kitchin Oct. 15, 2013 @ 10:19 p.m.

Dozens of colleges are recruiting on the Trolley, promising good jobs that nobody ever gets. We need to STOP giving schools a thousand dollars a week of taxpayer money for every student they enroll.

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Don Bauder Oct. 16, 2013 @ 8:45 a.m.

John Kitchin: Yes, the dubious marketing ploys of for-profit colleges must be eliminated. i question if the government has the guts to do it. Best, Don Bauder

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