… describes the way a mainly online for-profit school with high tuition, a wretched graduation rate, and no doubt richly compensated executives, got included in state scholarship legislation.
Such a great deal if you can get it. Online for-profits remain at the center of a national scandal [scroll down], in large part because they continue to receive enormous federal funds — despite the fact that they’re primarily run to rake in money for investors and administrators. Now, in addition to its federal support, Post University in Connecticut will get state support.
How did this happen?
The old-fashioned way: corruption. A person on the Post board of trustees (a paid position) is also a state legislator, and he lobbied the thing through.
See, “As originally written, the bill would have given scholarship funds only to students at state and private nonprofit institutions.” Institutions legally compelled to use most of their money for the benefit of their students. Now lucky, profit-driven Post enjoys another source of public funds.