by a former corporate finance manager for the departed COCO, appears in today's San Diego Free Press
from...http://sandiegofreepress.org/2015/05/the-for-profit-college-scam/
"Most students at for-profit colleges like Corinthian are targeted because of their vulnerable circumstances. They have dire financial needs and, because they’re often the first in their families to attend college, they don’t have the kind of knowledge and experience about college admissions that wealthier students do.
They’re lured in by salespeople disguised as helpful admissions officials, who offer students a convenient schedule — along with empty promises of higher earnings and a better life. What students get instead is a lifetime of debt and a worthless degree.
Before Corinthian outsourced my job to another company in 2012, I helped develop some of those recruitment techniques. I know firsthand that the industry is designed to desensitize employees to the human cost of what they’re doing.
Through high-pressure micromanagement tactics — such as evaluating employee performance based on the number of students recruited — Corinthian employees were encouraged to hide facts about the school that would have turned prospective students away.
Once a student signs the enrollment agreement, he or she is basically reduced to a student ID number in the minds of campus leaders and corporate executives.
Does this number come with grant funding? How many loan dollars does this number represent, and how much profit?
That’s the kind of information management demands from admissions representatives and financial aid administrators on a weekly basis. The needs of the student are thrown out the window.
When students become nothing but a number, it’s easier to take advantage of them.
Tens of billions in federal student aid has flowed into for-profit college coffers and into investor pockets over the last two decades. It’s the students who are left on the hook.
As a result of this relentless drive for profit, Corinthian students ended up borrowing more than they intended and often misunderstood the amount they would owe after graduation. That’s no accident: The process was designed to be easily misunderstood....."
and then ECMC bought you