while the defunct for-profit organization runs a fire sale for everything from blank diplomas to trademarks.
https://www.insidehighered.com/news/2015/07/02/corinthian-bankruptcy-suit-includes-call-repayment-freeze-and-asset-sales
The Corinthian debacle, like the closing of a few small colleges at semester's end this year, has many of us wondering where private higher education is headed.
Pessimists might conclude that private higher ed is not high on the Obama administration's priority list. Barack seems to like community colleges, calling for free community college education on top of free K-12 schooling.
The Department of Education was merciless with Corinthian, while the Department of Justice has indicted two top ITT executives for fraud.
Now, let's postulate a win for one of the 13-15 GOP presidential candidates, who are currently inundating poor little New Hampshire with their blather.
A GOP winner in the White House, coupled with Republican control of both houses of Congress, would mean a ramping down of regulatory activity by the federal bureaucracy, as well as a kinder, gentler attitude toward the private sector all around. For the beleaguered for-profit universities, this would almost certainly mean a relaxation, if not an outright abandonment, of the new gainful-employment rules at DOE, for instance.
On the other hand, a Hilary win next November probably means a continuation of the Obama philosophy of higher education.
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