Arne Computers Duncan Education Industry For-Profit Technology

Duncan Still Working on His Legacy

Interesting essay samples and examples on:

Reader Chiara sent the following comment about new funding by the U.S. Department of Education for for-profit ventures. Since when did ED become a source of venture capital for start-ups?

“Duncan’s cranking up the private sector subsidy funding on his way out the door:

“On Wednesday the department will announce a pilot program that will allow federal grants and loans to flow to educational-technology companies that team up with colleges and third-party “quality-assurance entities” to offer coding boot camps, MOOCs, short-term certificates, and other credentials.”

“Partnering with accredited schools to deliver tech skills for credit is a dangerous back door to access federal student loans,” wrote Clint Schmidt He called for the department to put “a rigorous standard in place” before federal aid could cover boot-camp tuition.

“The risk is a short-term, money-grabbing mind-set”

Nothing could possibly go wrong there, right? Public money to ed-tech companies. They’re doing this…. because for-profit, online colleges were such a smashing success?

Is there some reason the federal government feels they have to market and fund ed-tech? Is there a shortage of salespeople at these companies or something so we have to provide publicly-paid salespeople for their product?″;

Here’s another description:

U.S. Deputy Secretary Ted Mitchell was formerly CEO of NewSchools Venture Fund, which invested in these kinds of business ventures, as well as charter chains. He has no problem with for-profit education; NSVF supported it when he was in charge.

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