Tag Archives: law

I’d been brows­ing through the news recent­ly for a col­lec­tion of arti­cles to share on a rather broad top­ic: the influ­ence of mon­eyed inter­ests on the edu­ca­tion­al sys­tem. This is a long­stand­ing inter­est of mine, hav­ing grown up dur­ing a time when a year in uni­ver­si­ty cost about $1,200, and hav­ing watched tuition rates and liv­ing costs bal­loon expo­nen­tial­ly ever since. But what shocked me into get­ting the links to this post up that much soon­er is this emerg­ing sto­ry from the US:

“The Secu­ri­ties and Exchange Com­mis­sion on Tues­day said it brought fraud charges against ITT Edu­ca­tion­al Ser­vices Inc. and two of its top exec­u­tives, alleg­ing they mis­led investors about the loom­ing finan­cial impact of two bad­ly-per­form­ing stu­dent-loan pro­grams on the for-prof­it edu­ca­tor. […] ITT formed the stu­dent-loan pro­grams to pro­vide off-bal­ance-sheet loans for ITT’s stu­dents in the wake of the finan­cial cri­sis, when the mar­ket for pri­vate stu­dent loans dried up and for-prof­it schools cre­at­ed new ways to help stu­dents pay their tuition bills.”

– source: Wall Street Journal

Let us fur­ther expand on the dia­logue sur­round­ing mon­ey in edu­ca­tion for the ben­e­fit of those who haven’t been as immersed in the debate:

Con­tin­ue read­ing →