New York State's probe of Donald Trump's Corinthian College has dominated the headlines this week. Reuters.com reports that the Empire State's Attorney General is investigating colleges run by the real estate magnate's for-profit education company.
Bridgepoint Education received a subpoena from the state of New York, making it the latest state to start probing for-profit schools that have come under scrutiny for over-charging students and supplying what state officials deem an inferior education product.
The probe comes as the Obama administration is threatening to cut off federal aid, the Reuters article reports, should "the for-profit schools continue to show high student debt levels."
Bloomberg.com reports that "New York State Attorney General Eric Schneiderman's office subpoenaed a for-profit school founded by Donald J. Trump in a probe of its business practices."
The Chronicle of Higher Education has also reported on the latest probe from New York state: "Bridgepoint Education Inc., which operates the for-profit Ashford University, acknowledged in a filing this week with the U.S. Securities and Exchange Commission that it had received a subpoena from New York State's attorney general related to an investigation of the company's business practices."
Debates continue about the value of a for-profit education. With the futures of thousands of students on the line, let's hope the proposed legislation doesn't put these students' education at risk.