New York City's comptroller, John C. Liu, and the city's pension funds this week announced that they have filed shareholder proposals calling on DeVry University and Career Education Corp. to disclose data on student borrowing that is roughly the equivalent of what would have been required under the now-stalled federal "gainful employment" regulations.
Why is private college tuition so astronomically expensive these days? Ask an administrator, and they'll likely tell you that it's because they're taking money from the rich and giving it to the poor.
John C. Liu, comptroller of the City of New York, on Thursday called on two of the largest for-profit colleges to disclose data on their students’ loan-repayment rates and debt-to-income ratios, saying that he had submitted a shareholder proposal asking their parent companies to do so.
The Office of Admissions at New York University fielded a flurry of calls from rejected applicants who just couldn’t understand why they didn’t get into the prestigious private university. Some played the race card. Others just called and cried.
The Nitish regime has cleared the decks for establishing private varsities with the passing of the Bihar Private University Bill, 2013, by the Legislative Assembly.