KICKER: Video: Sen. Elizabeth Warren Grills ACICS President and CEO
Career College Central Summary:
For-profit colleges have been controversial for a while. Thousands of students were going deep into debt to take courses of sketchy creditability. And earlier this year, one of the most notorious for-profits shut down, displacing 10,000 students.
It was the largest failure in for-profit higher education. Senator Elizabeth Warren–who's known for fighting for students' rights when it comes to loans–questioned Dr. Albert C. Gray, president and CEO of the Accrediting Council for Independent Colleges and Schools. Those are the guys who accredited Corinthian Colleges and allowed it to operate until the day it dramatically shut down.
Click here to watch the video.