OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Durbin Statement on DOJ, ED, State Attorneys General Settlement with EDMC

Statement

Date: Nov. 16, 2015
Location: Washington, DC
Issues: Business and Consumers Higher Education

U.S. Senator Dick Durbin (D-IL) released the following statement today after the Department of Justice, Department of Education, and state Attorneys General announced an agreement to settle litigation with Education Management Corporation (EDMC) over the company's illegal use of incentive compensation for recruiters and deceptive and misleading recruitment practices. Under today's agreement, EDMC will pay $95.5 million to the federal government and states, including $1.9 million to the State of Illinois.

"EDMC's "recruitment mill' swindled federal taxpayers out of nearly $11 billion over the course of more than 10 years and lured thousands of students into taking on mountains of federal student loan debt for a worthless diploma," Durbin said. "Where's the accountability for the executives who ran this scheme and ran away with our tax dollars?"


Source
arrow_upward