Lessons from Failure: Stories of Resilience from Corporate Leaders Corporate Cultures
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February 21, 2022: -The U.S. Department of Education has announced it will cancel the student loans of nearly 16,000 borrowers who attended certain for-profit schools, including DeVry University. The relief comes out to $415 million in total.
“The Department remains committed to give borrowers discharges when the evidence shows their college violated the law and standards,” said Education Secretary Miguel Cardona in a statement Wednesday.
“Students count on their colleges to be truthful,” Cardona added. “Unfortunately, today’s findings show too many instances in which students were misled into loans at institutions or programs that could not deliver what they’d promised.”
The department found that between 2008 and 2015, DeVry misled students by claiming that 90% of its graduates who actively seek employment obtained jobs in their field of study within six months of graduation. In reality, the job placement was closer to 58%, according to the department.
Donna Shaults, a spokesperson for DeVry University, said the school’s board and leadership have changed since the federal government first made the allegations.
“Nonetheless, we do believe that the Department of Education mischaracterizes DeVry’s calculation and disclosure of graduate outcomes in certain advertising, and we are not agreeing with the conclusions they have reached,” Shaults said.
So far, under the Biden administration, more than 100,000 students allegedly defrauded by their schools have received loan forgiveness totaling around $2 billion.
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Systems thinking is an approach that focuses on understanding how different parts of a system interact and influence one another within a whole. It is a holistic framework considering interrelationships and patterns rather than static snapshots. By expanding perspectives, systems thinking clarifies complex situations and can spur innovation.
A definite ‘NO’ to the question if struggling families had child care asked by a group of committed volunteers in the San Fernando Valley in 1974, urged the volunteers to look for a way to support families struggling to find quality child care, development, and education services for their families. That year, the San Fernando Valley Child Care Consortium and the Mayor’s Child Care and Junior Task Force proposed the first child care resource center in the San Fernando Valley. Doris McLain was elected chairperson as Mayor Bradley accepted the proposal and gave the newly founded Child Care Resource Center (CCRC) space in Van Nuys City Hall Center. CCRC began 45 years to help working moms find child care.
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