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**bjcheung77** · 10-18-2021, 03:08 AM

FTC is looking into false claims and they're reviewing the largest 70 (yes, 70) For Profits in education.

Apparently, all of the schools seem to be For-Profits. BTW, it's just "warning letters".

Link: FTC threatens hefty penalties against for-profit colleges for false claims, warning 70 schools | Higher Ed Dive

WALLACEMC11 · (This post was last modified: 10-18-2021, 08:14 AM by WALLACEMC11.)

(10-18-2021, 03:08 AM)bjcheung77 Wrote: FTC is looking into false claims and they're reviewing the largest 70 (yes, 70) For Profits in education.

Apparently, all of the schools seem to be For-Profits. BTW, it's just "warning letters".

Link: FTC threatens hefty penalties against for-profit colleges for false claims, warning 70 schools | Higher Ed Dive

"Generally, only for-profit colleges fall under the FTC's jurisdiction, but Levine didn't rule out pursuing companies working with nonprofit institutions." - I wonder which institution(s) he could be thinking of..

ss20ts · 10-18-2021, 10:16 AM

They've got the funds to pay fines. They don't care. The government doesn't care really either. This is just a way to give the government $$$.

Alpha · 10-18-2021, 11:20 AM

So I guess the Tulsa Welding School is in big trouble now. Dodgy

dfrecore · 10-18-2021, 12:05 PM

(10-18-2021, 03:08 AM)bjcheung77 Wrote: FTC is looking into false claims and they're reviewing the largest 70 (yes, 70) For Profits in education.

Apparently, all of the schools seem to be For-Profits. BTW, it's just "warning letters".

Link: FTC threatens hefty penalties against for-profit colleges for false claims, warning 70 schools | Higher Ed Dive

They only deal with For-profits, so that's not a good way to look at this (for-profit vs. non-profit).

**bjcheung77** · 10-18-2021, 12:59 PM

You learn something new every day, I always thought the FTC dealt with "all" of them, including private, non profit, faith based, etc...

Alpha · 10-18-2021, 05:55 PM

(10-18-2021, 12:59 PM)bjcheung77 Wrote: You learn something new every day, I always thought the FTC dealt with "all" of them, including private, non profit, faith based, etc...

This article on the recent shift in policy at the FTC may address that question.
What’s going on at the Federal Trade Commission? Highlights from a conversation with Bilal Sayyed | American Enterprise Institute - AEI

GizmoJack · 10-18-2021, 06:11 PM

(10-18-2021, 10:16 AM)ss20ts Wrote: They've got the funds to pay fines. They don't care. The government doesn't care really either. This is just a way to give the government $$$.

Agreed, they will send out reams of letters but unless the school does something seriously egregious, little more will happen.

Alpha · 10-30-2021, 09:16 PM

Here is an update or perhaps another perspective.
Fixing Fraud at For-Profit Colleges | The Regulatory Review (theregreview.org)

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