<html><body bgcolor="#FFFFFF"><div>Guess what college the following costs represent . . .</div><div><br></div><div><span class="Apple-style-span" style="font-family: arial, verdana, sans-serif; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); font-size: 12px; color: rgb(102, 102, 102); line-height: 20px; "><table width="324" border="0"><tbody><tr valign="top"><th width="215" align="center" valign="top" class="graybkg" scope="row" style="background-color: rgb(226, 225, 224); ">ONE-YEAR COST OF ATTENDANCE</th><td width="99" align="center" valign="top" class="pearlbkg" style="background-color: rgb(243, 240, 237); font-weight: bold; ">UNDERGRAD</td></tr><tr valign="top"><th align="left" valign="top" class="graybkg" scope="row" style="background-color: rgb(226, 225, 224); ">Tuition</th><td align="center" valign="top" class="pearlbkg" style="background-color: rgb(243, 240, 237); ">$10,750</td></tr><tr valign="top"><th align="left" valign="top" class="graybkg" scope="row" style="background-color: rgb(226, 225, 224); ">Room and Board*</th><td align="center" valign="top" class="pearlbkg" style="background-color: rgb(243, 240, 237); ">$4,000</td></tr><tr valign="top"><th align="left" valign="top" class="graybkg" scope="row" style="background-color: rgb(226, 225, 224); ">Books and Supplies**</th><td align="center" valign="top" class="pearlbkg" style="background-color: rgb(243, 240, 237); ">$1,400</td></tr><tr valign="top"><th align="left" valign="top" class="graybkg" scope="row" style="background-color: rgb(226, 225, 224); ">TOTAL</th><td align="center" valign="top" class="pearlbkg" style="background-color: rgb(243, 240, 237); font-weight: bold; ">$16,150<br><br></td></tr></tbody></table></span><div> </div><div>Seeya round town, Moscow.</div><div><br></div><div>Tom Hansen</div><div>Moscow, Idaho</div><div><br></div><div>"If not us, who?</div><div>If not now, when?"</div><div><br></div><div>- Unknown</div></div><div><br>On Aug 4, 2012, at 9:24 AM, Art Deco <<a href="mailto:art.deco.studios@gmail.com">art.deco.studios@gmail.com</a>> wrote:<br><br></div><div></div><blockquote type="cite"><div>
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<div class="timestamp">August 3, 2012</div>
<h1>Closer Scrutiny of For-Profit Schools</h1>
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<p>
The last several weeks have not been particularly restful for the lucrative for-profit education industry. </p>
<p>
<a title="A Times article" href="http://www.nytimes.com/2012/07/02/education/judge-strikes-a-for-profit-college-regulation.html">A federal judge upheld</a>
the Department of Education’s right to regulate unscrupulous for-profit
schools that leave students with big debts and valueless credentials.
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<p>
A Senate committee <a title="Read it here" href="http://www.harkin.senate.gov/help/forprofitcolleges.cfm">released a blistering report</a> showing that many of these schools pocket huge profits, even though most students leave without degrees. </p>
<p>
<a href="http://www.insidehighered.com/news/2012/07/03/study-finds-wage-disadvantage-those-starting-profits">A study</a>
from the National Bureau of Economic Research found that people who
started in programs awarding an associate degree — a big slice of the
student population — reaped significant economic rewards with degrees
from public and nonprofit institutions. Those with degrees or
certificates from for-profits did not. </p>
<p>
This is all sobering news. The for-profit sector is growing rapidly and
now consumes about one-fourth of all federal education loans and grants.
It is essential that the federal government tighten its rules to make
sure that taxpayers — not to mention the students themselves — get their
money’s worth. </p>
<p>
The Obama administration took a stab at this last year by issuing new
rules requiring both for-profit and nonprofit career-training programs
to meet one of three tests to remain eligible for federal student aid.
The common thread to these tests was that schools had to show, in
effect, that their graduates had not been crippled by debt. The rules
stipulated that at least 35 percent of graduates must be repaying their
loans, or that the typical graduate’s estimated annual loan payments did
not exceed 12 percent of earnings, or that repayments did not exceed 30
percent of discretionary income. </p>
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Judge Rudolph Contreras said he found no convincing rationale for the 35
percent repayment rate rule, but made clear that the department had a
statutory right to curb predatory schools that exploited students.
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<p>
In our view, the federal government has more than a right to regulate
these schools: it has a clear obligation to do so. By almost any metric,
the for-profit schools are generally a bad deal for taxpayers — and for
the underprivileged students they often recruit through deceptive
means. It is imperative that Washington do its part by making its rules
as strong as possible. </p>
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<br clear="all"><br>-- <br>Art Deco (Wayne A. Fox)<br><a href="mailto:art.deco.studios@gmail.com" target="_blank"><a href="mailto:art.deco.studios@gmail.com">art.deco.studios@gmail.com</a></a><br><br><img src="http://users.moscow.com/waf/WP%20Fox%2001.jpg"><br><br>
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