California Attorney General Kamala Harris filed a lawsuit against Corinthian Colleges, Inc and its subsidiaries, which run a number of for-profit colleges across the country, claiming that they lied to students and investors about job-placement prospects, as well as illegally using military seals in their ads to attract veteran students.
Corinthian runs a total of 111 campuses in North America and three online programs. One-third of the company’s 81,000 students reside in California. According to the suit filed by the AG’s office, the company charges close to $40,000 in tuition for an associate’s degree and boosts an unrealistically high job placement rates for certain programs it offers.
So, are for-profit universities preying on people looking for a higher education, or do they help people find a way to get that college degree that could help them advance professionally and personally?
Guests:
Suzanne Martindale, staff attorney at Consumers Union, the policy and action division of Consumer Reports
Neal McCluskey, associate director of the Cato Institute’s Center for Educational Freedom