FTC Joins For-Profit Fight
Career College Central summary:
The Federal Trade Commission is getting tougher with for-profit colleges, opening a new front in the latest Obama administration-led attempt to crack down on the sector.
The independent agency functions as the federal government's primary consumer cop. Last week it released stricter guidelines on marketing practices by for-profit colleges that feature vocational programs. The commission advised colleges against misrepresentations about their accreditation status, transferability of credits, job placements, graduation rates or salaries of graduates.
The new standards followed a tip sheet the commission put out last month to help veterans and members of the military better scrutinize for-profits before enrolling. The commission’s recent actions are the culmination of a process that began in 2009, with a request for public comments about its vocational school guidelines, which had not been updated in more than a decade. Several consumer groups responded by describing the marketing practices of some for-profit institutions.
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