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Stock impact report

Exclusive: Former for-profit college exec's efforts could help former employer [ABC News]

CECO Environmental Corp. (CECO) 
Last ceco environmental corp. earnings: 11/6 04:14 pm Check Earnings Report
Company Research Source: ABC News
A senior U.S. Department of Education official hired straight out of the for-profit college sector helped dismantle regulations designed to protect student defrauded by for-profit colleges into taking out five-figure loans on promises that they would get good jobs — a move that could benefit his former employers, according to emails obtained exclusively by ABC News. Education Department adviser Robert Eitel, hired by the Trump administration last February after four years in the for-profit college industry, played a role in suspending an Obama-era policy known as borrower defense to repayment. The rule made it easier for students, enticed into taking out five-figure loans on promises that they would get good jobs, to file for debt relief. It also allowed the government to recoup the losses from the schools. Ultimately, those potentially most impacted include many predominantly low-income, and minority students disproportionately represented at for-profit colleges and often sadd Show less Read more
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