Today's Date: May 2, 2024
First Horizon Bank Teaches Financial Literacy Skills to more than 7,000 Students   •   GROUNDBREAKING STUDY REVEALS HEIGHTENED CONSUMER DEMAND FOR GENDER EQUALITY IN ADVERTISING RESULTING IN UP TO 10X INCREASE IN SA   •   UMC Passes Historic Changes for our LGBTQ+ Family   •   Bright Horizons Family Solutions Reports Financial Results for First Quarter of 2024   •   Metropolitan Celebrates Four Innovative, Water-Saving Projects   •   Sustainability Accelerating Investor Appetite in the Environmental Sector   •   Brookdale Management to Participate in Two Investor Conferences in May 2024   •   SES AI Reports First Quarter 2024 Earnings Results; Affirms 2024 Outlook   •   Adtalem Global Education Fiscal Third Quarter 2024 Results; Guidance Raised   •   Yale's Akiko Iwasaki, PhD, named to TIME100 Lists of Most Influential People in the World   •   Canada and Blue Jays teaming up to renovate Mary Dorothy Jacobs Memorial Park baseball diamond in Curve Lake First Nation   •   Willdan Group Reports First Quarter Results   •   1863 Ventures Founder and General Partner Melissa Bradley, Honored with Prestigious John Carroll Award   •   Clearwater Living's Clearwater Newport Beach Named Best 55+ Luxury Assisted Living Community in Annual SAGE Awards   •   Inclusive Workforce Pathways Emerge as the Cornerstone for Corporate Resilience   •   ACCO Brands Reports First Quarter Results   •   University of Phoenix Professional Development Hosts Webinar on How Organizations Can Integrate Traditional Titles With a Skills   •   Stem Announces First Quarter 2024 Results   •   Apogee Enterprises Declares Quarterly Cash Dividend   •   Afya Limited Announces Entering Into a Share Purchase Agreement for the Acquisition of Unidompedro and Faculdade Dom Luiz
Bookmark and Share

CEO Fights For Low-Income Families

 IRVINE, CA -- In an open letter to congress, Fardad Fateri, President and CEO of International Education Corporation (IEC), opposed the proposed federal regulation on Gainful Employment. Fateri asserts that U.S. Senate's Help Committee chair Senator Tom Harkin is supporting a federal regulation called Gainful Employment that will prevent millions of low-income and ethnically diverse students from pursuing a college education.

 

According to Fateri's Open Letter to Congress:

The proposed regulation sets formulas that will mostly hurt historically underserved and under-represented students. This proposed regulation targets the career education sector of which IEC is a member and is comprised of for-profit education companies serving hundreds of thousands of students and employing thousands of individuals all over the United States. The U.S. Senate's Help Committee's support of this regulation is in line with their zeal to destroy the sector which will in essence eliminate access to students who need postsecondary education the most in addition to eliminating thousands of jobs all over the country. Students have been flocking to private for-profit institutions because of the sector's ability to provide timely and relevant programs and offer true access to postsecondary education. Ethnic and racial diversity in traditional public and private non-profit universities is rare; in fact, the University of Iowa's own website touts a student population comprised of only 2.4% African American/Black and a 2.8% Hispanic/Latino. Senator Tom Harkin of Iowa has been fighting vigorously against the career education sector just because of the for-profit tax status of the companies in the sector.

The entire proprietary postsecondary sector exists because of an incredible need for career education. All the pundits on the U.S. Senate HELP Committee must understand that the growth of this sector is not due to ingenious marketing methodology or unconventional recruitment tactics. The for-profit career education sector prepares students for the workforce with tuition rates that are of tremendous value considering that this sector does not have access to additional funding only accessible by public and non-profit colleges and universities. In addition, when referring to recruitment tactics of the for-profit career education sector, let's remember the approaches of traditional public and non-profit colleges and universities who manage to convince students and their sophisticated parents to pay approximately $400,000.00 for an undergraduate degree that will seldom lead to an academically related career. There are anecdotes on all sides; the most prudent approach would be to focus on thoughtful as well as meaningful decision-making grounded in evidence.

The students attending for-profit colleges are smart, ambitious, and they care deeply about their future. So, the claim that these students are naive and are easily abused is offensive and disrespectful. An individual's household income and ethnicity should not be grounds for unfounded assumptions about their aptitude, judgment and ability. Without the for-profit education sector, millions of students will not have access to post-secondary education because public colleges and non-profit colleges have historically ignored and avoided these students.

When assessing a college, quality demonstrated through student retention, graduation and employment rates must be considered, not repayment rate of student loans. Consider the strain on federal entitlement programs when students remain on welfare as opposed to securing employment. And as taxpayers, many companies on the for-profit education side frequently question the lack of accountability for quality in education and lack of fiscal responsibility illustrated through atrocious expenditures of public and non-profit colleges that are tax-exempt.

For the full copy of the Open Letter to Congress, go to:  An Important Message from IEC's President & CEO

About International Education Corporation

Headquartered in Irvine, California, International Education Corporation is one of the largest private providers of postsecondary career education in the United States, offering quality programs in high-demand verticals such as healthcare, business, technology, transportation, and criminal justice. International Education Corporation is the parent company of UEI College and United Education Institute.

 



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News