For-profit schools sue to stop new rules

The rules are to stop deceptive advertising by schools, to bar recruiters from being paid based on how many students they enroll and to require states to authorize post-secondary schools for their students to be eligible for federal loans.

WASHINGTON (Reuters) – A group of for-profit schools on Friday filed a lawsuit against the federal government on Friday to stop implementation of three costly new rules.

The rules were part of a larger package of new regulations being imposed on the for-profit sector, which has been accused of churning out poorly educated students with large debts.

The Association of Private Sector Colleges and Universities (APSCU), which represents more than 1,500 for-profit schools, filed the lawsuit in the U.S. District Court for the District of Columbia asking the court to toss out the rules, which are due to go into effect on July 1.

The rules are to stop deceptive advertising by schools, to bar recruiters from being paid based on how many students they enroll and to require states to authorize post-secondary schools for their students to be eligible for federal loans.

The lawsuit did not challenge the yet-to-be-finalized and most controversial of the reforms, known as the “gainful employment” rule.

That rule would require schools to show that students are paying back federal loans or can do so. Students at schools that fall short would be barred from receiving federal loans, which would cripple many schools.

The pending reforms have rocked shares in the sector over the past few months. The shares of sector leader Apollo Group were trading down 1.69 percent at $42.50 on the Nasdaq on Friday afternoon.

Harris Miller, head of the APSCU, said the rule barring misrepresentation by the schools was poorly done so that inadvertent misstatements by a single employee would be treated the same as intentional misstatements.

I personally have no opinion because I am not familiar with this issue.

Your input is appreciated.

To our President

There can be no compromise allowing tax cuts for the rich to continue while the rest of the country sacrifices.
There can be no compromise with big banks conducting business as usual after almost destroying our economy.

Traits of a leader.
Leadership

Mr. President.

I voted for you.
There was a special energy then. The hopes were high.
I realize that the situation you inherited was grave and nothing could be fixed overnight.
But there was hope.
Hope made you the President.
Hope that you would end the devastating wars.
Hope that you would stand by your principals
Hope that you would be less of a politician and more of a leader,
Hope that you would fight for what you had told us you believed in.
Hope that you would understand that when the future of our country was at stake there could be no compromise.
Hope accomplishes great things, Mr. President.
We were with you Mr. President; ready to support you in that good fight.
We did not elect you to be just another politician.
We elected a Leader.
There are limits to compromise Mr. President.
There can be no compromise with people without morals; whose only goal is unlimited power.
There can be no compromise when what you believe in is at stake.
Great things are accomplished against all odds Mr. President.
There can be no compromise when the results are half measures that make things worse, such as  healthcare reform, where the insurance companies gained even more power because you abandoned the public option.
There can be no compromise allowing tax cuts for the rich to continue while the rest of the country sacrifices.
There can be no compromise with big banks conducting business as usual after almost destroying our economy.
Hope, Mr. President is a powerful force.
Do not compromise your principles.
Do not let hope abandon you.
Because Mr President when we lose hope you lose votes.
And one of these votes is mine.

To American citizens who are better off than 98% of us

My dear rich citizens, We bailed out many of you, saved your well-being from disaster that, between us, many of you helped to create. But we need your help now.

Inequality My dear Americans, I assume that you love this country that gave you the opportunity to have so much. I assume that you are patriots and you want US to succeed. It is nice to know that at least some American citizens are doing better in these trying times. Good for you. But the vast majority is not doing that great. Of course you realize that as a country we are in trouble: mounting debt, unemployment, deterioration of the middle class.
Our education needs major improvements; the country’s infrastructure is in disrepair.
As patriots we all have to pool together to help.
My dear rich citizens, We bailed out many of you, saved your well-being from disaster that, between us, many of you helped to create. But we need your help now.
Not a lot…a little, like 3%. We understand that you need to make a living too. We are not asking you to mortgage one of your mansions. We are not asking you to sell your Rolls Royce or a fur coat or to lay off some of your servants.
We assume that you want to help your country. We asking for a little help, like 3% of your taxable income. For most of you it will be less than you spend on one of your vacations. It is an inconvenience, we know. Yet, for the rest of us it will be a tremendous help. That would help many people to keep their family homes – the only home they’ve got. That would help many kids get a good education, so that they will be able to get a good job and contribute to our country, and to help you to get even wealthier.
That meager 3% would help our middle class, middle class that is loosing ground as you get richer.
My fellow rich Americans,
This country is very generous to you. Your share of this country’s wealth has increased 10 fold in just several decades. We are asking you as patriots of this country to share just a little bit more with your countrymen in this time of need.
We helped you, remember.
We are being very careful not to ask too much so, God forbid, you will suffer the inconvenience.
Don’t get us wrong. It is an American dream after all – to get rich. And as an American, don’t you want to keep this dream alive for all of us?
We just do not want this country to become a Third World country, because that’s what happens when the middle class is gone; because then you will have to hide behind walls with barbed wire.
So please try to overcome your selfishness and your greed and be an America citizen. Please show America that you care. Please tell your servants – the Republicans – that you want to help, that you are ready for a sacrifice. Also would you tell your servants to release the hostage – our and your country – America. Please tell them it is OK to support the arms treaty with Russia, because Republicans do not do anything without your approval.
My fellow rich Americans. It is not bad to be rich; it is bad to loose basic human attributes such as conscience, compassion and the great feeling that you are an American.
I just want to add that I have a great respects for people like Warren Buffet, Bill Gates, George Soros and many others. Sadly they are a small minority.