Thread regarding University of Phoenix layoffs

Attorney David Halperin's latest piece on for-profit colleges, including University of Phoenix....http://www.huffingtonpost.com/davidhalperin/steve-forbes-the-olympics_b_4432260.html?utm_source=Alert-blogger an executive just told me she was disinvited from speaking at the NBC event this year after she was publicly critical of the University of Phoenix. The venerable Chronicle of Higher Education admitted last year that it was paid by Career Education Corporation (CEC), the fourth biggest for-profit college, to let CEC pick the speakers for a Chronicle event on reducing student loan defaults. CEC hosting such an event was a travesty: Its schools' own loan default rate -- 21.6 percent of its students defaulted within three years of leaving the school -- is almost double the average rate for all U.S. colleges. Also, the company recently agreed to pay $10.25 million to settle charges by New York's Attorney General that it significantly inflated its job placement rates, including by counting students as placed in a job because they worked at a one-day job fair."