WASHINGTON The federal government will hire extra investigators to prevent fraud by for-profit schools in such areas as scholar financial aid, U.S. Secretary of Education Arne Duncan stated on Friday.
It was offered in 2004 to Huron Capital Partners , a personal equity group, for an undisclosed sum for their Delta Career Education Systems division That division was subsequently offered to Gryphon Investors in 2006 for 11.1 times the quantity of its original funding, in response to press releases from Huron at the time of the sale. Crain’s Detroit Business, in an article published on May 22, 2006 by Tom Henderson reported that amount to be $one hundred fifteen million.
The predominant campus of the University of Phoenix, the most important for-revenue institution within the United States, has an estimated loan compensation fee of forty four %, according to the division’s calculations. That means it’s close to meeting a proposed … Read more