For-Profit Colleges Double Spending, Hire Ex-Congressmen to Beat Aid Rules
Nov. 10 (Bloomberg) -- Bloomberg's John Hechinger talks about compensation for top executives at the 15 U.S. publicly traded for-profit colleges, including Strayer Education Inc., Apollo Group Inc. and Education Management Corp. Hechinger speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Dec. 23 (Bloomberg) --For-profit colleges more than doubled spending on lobbying and hired six former members of the U.S. Congress this year to fight regulations that threaten the industry.
Ten education companies and their trade association spent $3.8 million on lobbying in the first nine months of 2010, up from $1.5 million in the comparable period last year, according to reports filed with Congress.
For-profit colleges are resisting a U.S. Department of Education proposal to restrict funding and objecting to a law that limits their revenue from government sources. The proposed restriction, called “gainful employment,” would tie eligibility for
