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Tuesday, December 14, 2010

Washington Post Cash-Cow Taking Advantage Of Veterans?

One of the most interesting battles in Washington, taking place mostly behind-the-scenes, involves The Washington Post, a long-time liberal paper backing Democratic Party policies, and a leading liberal Democratic senator.

Readers of the paper got a glimpse of the struggle on Dec. 10 on page 18 in a story headlined: “For-profit colleges get soaring amount of U.S. aid for military students.”

The article by Nick Anderson said: “The Washington Post Co. operates for-profit schools through its Kaplan subsidiary” and is among those getting huge sums of federal money supposedly to educate and find jobs for veterans.

What went unsaid is that Kaplan is the main money-maker of The Washington Post Company and keeps the money-losing Post newspaper afloat.

In other words, if it weren’t for Kaplan, the Post could go bankrupt.

Liberal Sen. Tom Harkin has been accusing the for-profit colleges of ripping off students, getting them hooked on federal loans for degrees that are mostly worthless and never land them good jobs. The result is that the colleges get paid but taxpayers pick up the bad loans, potentially costing hundreds of millions of dollars.

Harkin is now focusing on the students who are veterans and getting educational money and loans through the Department of Defense and the U.S. Department of Veterans Affairs (VA). His report found that:

Revenue from DoD educational programs at 18 for-profit education companies increased from $40 million in 2006 to an expected $175.1 million in 2010, a 337 percent increase.

Revenue from VA educational programs for the same 18 for-profit education companies increased from $26.3 million in 2006 to an expected $285.8 million for 2010, including a fivefold increase between 2009 and 2010.

In the ninth paragraph of the ten-paragraph Post story we read this: “On Thursday, a military veteran named Roger Betancourt joined Harkin on a conference call. Betancourt said a Kaplan University recruiter hounded him to enroll even though he was unsure about his eligibility for veterans’ aid. Betancourt said he wound up with $2,300 in debt and no benefits. ‘It’s been an overall bad experience,’ he said.”                                
There's more here

2 comments:

Anonymous said...

It isn't just in the States, either. Satellite "colleges" are all over the map for every service in every country. They charge ridiculous amounts of money for low end educations, over 80% of which are never completed.

Anonymous said...

Lets see now, the names like Kaplan, Bernie Madoff, Michael Milkin, Goldman Sacks, what do they all have in common? Newspapers liberal? When did this all happen? What group orchestrated this outcome? Could their initial intent have been to deceive Americans? Possibly for profit from their deceit or to engulf and ensnarl Americans into their problems, their religious fight, their quest for domininion over their neighbors? Who could they possibly be, I wonder? We are force-fed twisted lies or news stories several times each day by those controling the news media and television showing us the version that serves their agenda best. The nightly television vulgarity, lewdness and violence permeates a receptive adult brain and imprints upon the younger viewers. It's no wonder this country is the way it currently is, we get the script many times every single day and if that's not playing, then it's the "Doom and Gloom" program, "The sky is falling Chicken Little", run for your life if you know whats best for you. or just stay in the dark and shake until it's over, they imply. I say different, call them out for who they truely are, if their liars, say their liars or theives or whatever the case might be. We are in this ugly muck, up to our greasy moronic necks, because of one group of people only, is there anybody out there catching my drift yet?