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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