Why is the government trying so hard to take down for-profit colleges? Corinthian Colleges Inc., the company that owns Everest College, was slapped last week with yet another lawsuit that details some of the worst allegations the government has made against for-profit colleges.
You might remember Everest College from these bizarre ads on daytime TV:
The Obama administration has been cracking down on for-profit colleges. And Corinthian Colleges Inc., which owns Everest College, has been the biggest target: they've been the subject of investigations by the Department of Education, the Securities and Exchange Commission, the Consumer Financial Protection Bureau, and more than a dozen state attorneys general.
Last week, Massachusetts' attorney general filed the latest lawsuit, the result of a two-year long investigation. The suit, which draws from interviews with students of Everest College campuses in Massachusetts, lays out exactly what the government's problem is with the for-profit education industry.
These are the Attorney General's allegations:
Many students don't apply directly to Everest's schools; they express a slight interest, such as calling to ask about financial aid policies, and are allegedly "aggressively targeted and induced to enroll" through high-pressure daily phone calls by recruiters who act essentially as salespeople.
From a student at the Chelsea campus of Everest College: "[The representative] called me every day at any time during the day or night to tell me that car[eer] will change my life. Guess what? It didn't! I'm working on my city grocery store." Another student said, "You were almost not given a choice, with phone calls daily till you're signed."
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