Embattled for-profit college chain Corinthian Colleges, the operator of schools like Everest, Heald and WyoTech, found a buyer for at least half of its campuses in the form of student-loans servicing company Educational Credit Management Corporation (ECMC). [More]
Earlier this summer Corinthian Colleges proved to be in it for the long haul when, despite striking a deal with the Dept. of Education to either sell off or close most of its schools, it continued to pepper television airways with ads and badger attendees at college fairs in order to entice students to enroll. Now the company is showing that those questionable marketing skills aren’t just for students, but also to hook potential educators and support staff. [More]
Aggressive Recruiting At Military Bases Pays Off: For-Profit Schools Received $1.7B Of Post-9/11 GI Bill Funds
The Post 9/11 GI Bill aims to further the education of United States servicemembers and their immediate family members, but a new government report reveals that most of those funds are going to further increase the bottomline at for-profit colleges. [More]
Today we posted a Morning Deal for “free” LLC/corporation filing from MyCorporation, a company owned by Intuit (TurboTax, Quickbooks). A one-time “customer” from MyCorporation—he never actually went through with their free service, but filled out the initial forms—contacted us with his own story of how he’s been bugged by spam and free offers on a weekly basis ever since he dealt with them.