On March 29, 2012, USA Today reported:
For-profit colleges and individuals with ties to them have donated $430,000 to a super PAC spending millions of dollars to help elect Republican Mitt Romney to the presidency — as the industry faces intense federal scrutiny over recruitment practices, educational quality and the amount of debt its students incur.
[…]
The donations come as the industry grapples with unprecedented attention from Washington. The Democratic-led Senate education committee has investigated schools’ recruiting practices and the big loans assumed by its students, many of whom are low-income. New rules imposed by the Obama administration will measure the colleges on students’ loan-repayment rates and their ratio of income to debt once they finish school.
[…]
In this election, Romney has emerged as an enthusiastic backer of for-profit education and singled out Full Sail and the University of Phoenix for praise, as the The New York Times noted earlier this year.
Read the full story here.
Published: Mar 30, 2012