U.S Joins Suit Against For-Profit College Chain
In a New York Times article, it was announced that the Justice Department plans to intervene in a whistle-blower lawsuit charging that one of the nation’s largest for-profit college companies, the Education Management Corporation, defrauded the government by illegally paying recruiters based on the number of students they enrolled, according to a Securities and Exchange Commission filing on Monday.
This is the first time prosecutors have joined such a case, one of dozens in recent years that accuse the for-profit college industry of illegal practices devised to increase federal student aid revenue.
The company, which enrolls nearly 150,000 students, operates several career-college chains, including the Art Institute, Argosy University, Brown Mackie College and South University..jpg)
EDMC, 40 percent of which is owned by Goldman Sachs, said in its securities filing that its compensation plan for recruiters did not violate the law, and that it would “vigorously defend itself.”
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I have had nothing but trouble since enrolling with the school starting wit being put in the wrong program despite many attempts to have it corrected and promises that i was to be in the accelerated program which is much shorter thn the 4 yr and its 4 years later slmost now . I have had to send transcripst up to 5 times so i would not have to take certain clases,and had to send then up to five times again when the 2yrs later when they said my degree was messed up. Just last year they told me I was out of financial aid money,tried to make me get on a payment plan,locked me out of my classes . I spoke with an ombudsman who get the debt relived completly because i quslified for a certain program and my loans were misapplied again and signed a promissary indicated I would have no balance by the time I graduate . Now they are trying to negate what the ombudsman set up twice,thretenning to block me again. I am almost done I have one semester left after this current. I need help fast ,I cant afford to have these mistakemthis degree means everything to me and I cant belive they can so carelessly mess with people 's lives and lively hood . Im very distraught ,I need someone to intervene and help me please ....