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Thursday, August 5, 2010

Thursday, August 5, 2010

For Profits and Accreditors Finally Feel the Heat

The Chronicle covers the Senate investigation into the illegal and unethical recruiting practices at for profit colleges and universities. Regulation of the industry was loosened in 2002. As reported by the Berkeley Planet and the LA Times Blum’s firm, Blum Capital Partners, has been the dominant shareholder in two of the nation’s largest for-profit universities, Career Education Corporation and ITT Educational Services, Inc. This blog has discussed the conflict question question with regard to Blum's investments and involvement in upper UC administration. The more we know about the for profit higher ed industry, the worse it looks. And yet, Blum and Edley insist that UC should adopt many of the models for education "delivery" pioneered by the for profits. Just at at time when upper administrators are trying to burnish the UC brand by hiring expensive marketing firms, they are willing to tarnish it by associating it with high level con-games pioneered during the Bush years.


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