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U.S. Dept. of Justice Joins 11 States in Lawsuit Against For-Profit College Chain

July 20, 2011 | Adam S. Minsky, Esq. Current Events

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I recently posted an article about investigations into the practices of for-profit schools. The U.S. Dept. of Education recently passed new regulations designed to protect students from some of the abusive practices of these schools. While all of this has been going on, the U.S. Department of Justice has joined 11 states in a lawsuit against Educational Management Corp., one of the largest for-profit college chains in the country.

The lawsuit alleges that the company, which receives up to 90% of its revenues from student loans, illegally paid school recruiters based on the number of students that they enrolled. The suit further claims that the company operates almost entirely to recruit students, often rewarding recruiters with lavish gifts and trips to exotic places, without devoting adequate resources to provide students with academic and vocational skills to help them find a career. Not surprisingly, student loan default rates at these types of schools are astonishingly high.

Read more about the suit here…

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Current Events

About Adam S. Minsky, Esq.

Adam S. Minsky founded the first law office in Massachusetts devoted entirely to assisting student loan borrowers, and he is one of the only attorneys in the country practicing in this area of law. He provides counsel, legal assistance, and direct advocacy for borrowers on a variety of student loan-related matters. He regularly speaks to students, graduates, and advocates about the latest developments in higher education financing.

Books by Adam S. Minsky

The Student Loan Handbook for Law Students and Attorneys

The Student Loan Handbook for Law Students and Attorneys

Student Loan Debt 101

Student Loan Debt 101: The Definitive Guide to Understanding and Managing Your Student Loans

Student Loans for Parents and Cosigners

The Student Loan Guide for Parents and Cosigners

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asminsky@minsky-law.com
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Boston, MA 02110

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