Consumer Group Wants States to Clamp Down on For-Profits
- Gainful employment debate aired out in The New York Times
- For-profit group's new leader calls for self-regulation and collaboration
- Concessions or a Cave-In?
- Feds and Corinthian agree to a plan for the for-profit's closure, but questions remain
- Corinthian's failure (and U.S. role in it) fuels for-profit critics
The National Consumer Law Center, a nonprofit group, on Wednesday released a report calling for tighter state regulation of for-profit institutions. Federal crackdowns, such as proposed "gainful employment" standards, will not be strong enough to prevent deceptive practices in the sector, according to the report. The group's recommendation's include a call for states to stop relying on regional accreditors to vet for-profits, and for state agencies to instead set their own minimum standards.