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Scams, Law School and Otherwise

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A for-profit grift mill is shutting down:

After years of enrollment losses, Anthem Education, a for-profit chain of colleges and career institutes, filed for bankruptcy Monday. The company has abruptly shut down a number of its campuses, leaving state agencies struggling to funnel displaced students into other institutions. Nine more campuses may close today, Anthem officials said.

This is actually good news for existing students and taxpayers, since the loans will mostly now be dischargable.

In Oregon/Idaho, the ABA isn’t willing to go along with a new scam as of now, although the grift is still in operation:

Nearly half of the third- and second-year students at Concordia Law School in Boise, Idaho, have left the school in the last three weeks after it failed to get provisional accreditation from the American Bar Association.

Without accreditation, Concordia Law grads cannot take the Bar exam in Idaho, and most other states, necessary to get a license. At least 48 of the school’s 102 third-year and second-year law students have withdrawn, transferred or taken temporary leave from Concordia, school officials said Thursday.

The story is unusually candid about why a school was started to issue essentially worthless degrees in a saturated market:

The situation provides a glimpse into the business of higher education.

Amid difficult times in due to high costs and tough competition, Concordia has launched a dramatic diversification effort, opening the law school and a popular on-line master’s in education program.

The new programs have successfully grown Concordia’s annual revenue from $80 million to $100 million, according to school officials in Portland.

Inconsiderate of the ABA to interfere with this program of revenue maximization scheme.

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