Greenberg: For-Profit Schools Whistle Blower Tells Tales
CNBC Senior Stocks Commentator
When the Senate HELP Committee holds its hearing on for-profit schools Thursday, it's likely to get an earful from Kathleen Bittel, a current employee of Education Management.
Education Management whose Art Institutes represent more than half its enrollment, went public last October. The company’s largest investor is Goldman Sachs. In SEC filings the company claims that around 85 percent of its students land jobs in their field or a “related field” within six months of graduation.
The next obvious question, especially when talking arts schools, is what constitutes a job? » Read More