For-profit colleges and individuals with ties to them have donated $430,000 to a super PAC spending millions of dollars to help elect Republican Mitt Romney to the presidency — as the industry faces intense federal scrutiny over recruitment practices, educational quality and the amount of debt its students incur.
The donations come as the industry grapples with unprecedented attention from Washington. The Democratic-led Senate education committee has investigated schools’ recruiting practices and the big loans assumed by its students, many of whom are low-income. New rules imposed by the Obama administration will measure the colleges on students’ loan-repayment rates and their ratio of income to debt once they finish school.
In this election, Romney has emerged as an enthusiastic backer of for-profit education and singled out Full Sail and the University of Phoenix for praise, as the The New York Times noted earlier this year.
Published: Mar 30, 2012