U.S. Congress Members Challenge Sale of For-ProfitJune 27, 2017 | :
by Natasha Lindstrom
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.