Kentucky Attorney General Probing Six For-Profit Schools
December 15 2010 - 6:01PM
Dow Jones News
The Kentucky Attorney General's office has launched an
investigation into the business practices of six for-profit
colleges operating in the state, issuing subpoenas to the schools
earlier Wednesday.
Allison Gardner Martin, the office's communications director,
declined to release the names of the schools involved. She said
they operate in Kentucky, aren't necessarily headquartered in
Kentucky, and "may or may not be publicly traded."
The Kentucky investigation is the second such probe of
for-profit colleges in recent months, following one launched by the
Florida Attorney General's office in October, and comes amid a
series of U.S. Senate hearings questioning the educational merits
of the schools.
The Kentucky Attorney General subpoenaed data on six for-profit
schools' student-loan default rates, as well as material used in
advertising and recruiting, information about job placement,
transferability of credits and accreditation, and details of how
financial-aid funds are disbursed.
"I want to make sure these institutions are as interested in
educating their students as they are in collecting federal loan
money," Attorney General Jack Conway said in a statement. His
office "determined a closer look at the business practices of
for-profit and proprietary colleges was warranted" after earlier
this year conducting an investigation of Decker College and the
American Justice School of Law. Neither of those schools, now
defunct, was publicly traded.
-By Melissa Korn, Dow Jones Newswires; 212-416-2271;
melissa.korn@dowjones.com
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