Mounting Congressional Scrutiny of For-Profit Colleges
Five Congressional Democrats on Monday asked the U.S. Government Accountability Office to begin a study of for-profit higher education that would look at institutional quality and business practices. The request comes just days after a House of Representatives hearing on accreditation that included criticism on the sector, and on the same day that witnesses were announced for Thursday's Senate Health, Education, Labor and Pensions Committee hearing on the for-profits. (The group scheduled to testify has a decided slant against the sector. The witnesses are Kathleen Tighe, the U.S. Department of Education's inspector general; Steven Eisman, an investor who has warned that the sector is "as socially destructive and morally bankrupt as the subprime mortgage industry"; Yasmine Issa, a former student at the for-profit Sanford Brown Institute; Margaret Reiter, a former California deputy attorney general and consumer advocate; and Sharon Thomas Parrott, chief compliance officer at DeVry, Inc.)
