Pittsburgh-based Education Management Corp.’s proposal to sell its for-profit college chain to a California nonprofit has spurred harsh criticism from federal lawmakers who fear the deal poses “significant risks for students and taxpayers.”
U.S. Sen. Elizabeth Warren, D-Mass., joined four members of Congress in sending a joint letter Thursday to several regional higher education accrediting agencies. The accreditors’ approval is required for EDMC to finalize the $60 million deal this summer.
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