For-Profit College Set To Collect $17 Million In Federal Stimulus Cash Is Sued For Predatory Practices [Forbes]
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Source: Forbes
A Florida Career College storefront in Hialeah.Jeffrey Isaac Greenberg 1-Alamy Stock PhotoFlorida Career College, a for-profit two-year vocational school, is getting $17 million in federal coronavirus relief money. It’s one of dozens of for-profits slated to receive a total of $1.1 billion in grants included in the $14 billion Congress set aside for institutions of higher education in the CARES Act, passed last month. Owned bya privately held California company called International Corp.Critics say that the higher ed money should not go to for-profit businesses. “There is stimulus money available to businesses through the Administration and lending available through the Federal Reserve,” saysRobert ShiremanPresident Trump attacked Harvard last week, saying that a rich school with a $40 billion endowment didn’t deserve a federal bailout. Harvard (which is a private non-profit) then announced it would not take its stimulus grant. Other well-endowed schools including Princeton and Yale
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