To: President Donald Trump, The United States House of Representatives, and The United States Senate
Art Institutes sued for $11 BILLION, what about the students and families affected?
Clear the parents, and the students who attended the Art Institutes from 2003-2011, from their loan debts. These people are innocent to the fact that their money, intended for education, had been used to commit fraud.
Why is this important?
In 2011, the U.S. Department of Justice sued Education Management Corporation (EDMC), who operate the chain of Art Institutes, for $11 BILLION! So what about the parents and the 151,000+ students who attended during the years 2003 to 2011, who were innocent of the crimes committed? Would paying back the student loans make them accessories to the fraud? Making these parents and students pay monies that was intended for education, but was used for salaries and bonuses for executives in the company is NOT in line with our Constitution.
Consider THIS: Then-President (and now CEO) Edward West received $1,551,802 in compensation for 2009, $5,486,905 in compensation for 2010, and $6,355,982 in compensation for 2011. Then-CEO (and now Chairman) Todd Nelson received $1,812,996 in compensation for 2009, $3,804,121 in compensation for 2010, and $13 million in compensation for 2011. The year 2006 saw the takeover of EDMC by Goldman Sachs and its private equity partners. Source: Huffington Post article below.
I enrolled at Ai Pittsburgh in 2009 and graduated with an Associate's in graphic design in 2010. I, like many others, had been lured in by their claims of high employment ratings and being the first, therefore the best, school for graphic design. This is far from the truth as many of the courses had nothing to do with graphic design and failed to provide the tools needed for the professional field; such as web design. I endured the same situation as Matt Bors in the Huffington Post article saying, "that many of the students in his classes had no talents to speak of, and it was clear that they would not be able to get jobs as artists or designers." This created an atmosphere not of creativity, but of confusion, discouragement, discontentment, and low spirits.
As they say, "If I only knew then, what I know now", I never would have signed my parents or myself up for a $50,000 debt for a lack of education only to find out that my enrollment directly contributed to the fraud.
$11 BILLION seems quite unfathomable to students and parents now burdened by sums that are miniscule in comparison.
I have not paid a cent to contribute to this company's fraudulent action, and I refuse to pay a cent, or let disciplinary action to be taken upon myself or my parents. The loan company is threatening wage garnishment. How is this possible when they are accomplices to a HUGE fraud scandal? This scandal has been recognized in the Supreme Court, who then took action against EDMC. Loan agency Sallie Mae, now Navient, were hand-in-hand with EDMC, handing out loans to anyone who asked.
So what happened to the $11 BILLION? While a civil court case could prove punitive damages to the ones affected, the least I am asking is for the debt to be lifted for all those in attendance at the Art Institutes from 2003 to 2011.
View these articles on the EDMC money scandal, read the comments people have made on these articles, sign the petition, and help out those who have been conned into this scheme.
http://www.pdnonline.com/news/The-Art-Institutes--3531.shtml
http://www.huffingtonpost.com/davidhalperin/edmc-professors-and-stude_b_1909449.html
http://petapixel.com/2011/09/02/us-gov-sues-the-art-institutes-for-11-billion-fraud/
http://www.nytimes.com/2011/08/09/education/09forprofit.html?_r=0
http://www.studentsreview.com/specific_detail.php3?uid=3147
Quote from Huffington Post article:
"Senator Tom Harkin's Health Education Labor and Pensions (HELP) Committee calculates that 77.4 percent of EDMC's 2010 revenue came from U.S. Department of Education student financial aid."
In 2012, an online petition was started by Vaughn Reynolds at Change.org. He sought to unite Art Institutes students at various campuses in opposition of the teacher layoffs, to educate students and the public about the impact of Wall Street ownership of colleges. The petition has more than 2800 supporters so far. A related Facebook group has over 1800 members. Find the Facebook link here:
https://www.facebook.com/groups/aistudents/?ref=ts
Consider THIS: Then-President (and now CEO) Edward West received $1,551,802 in compensation for 2009, $5,486,905 in compensation for 2010, and $6,355,982 in compensation for 2011. Then-CEO (and now Chairman) Todd Nelson received $1,812,996 in compensation for 2009, $3,804,121 in compensation for 2010, and $13 million in compensation for 2011. The year 2006 saw the takeover of EDMC by Goldman Sachs and its private equity partners. Source: Huffington Post article below.
I enrolled at Ai Pittsburgh in 2009 and graduated with an Associate's in graphic design in 2010. I, like many others, had been lured in by their claims of high employment ratings and being the first, therefore the best, school for graphic design. This is far from the truth as many of the courses had nothing to do with graphic design and failed to provide the tools needed for the professional field; such as web design. I endured the same situation as Matt Bors in the Huffington Post article saying, "that many of the students in his classes had no talents to speak of, and it was clear that they would not be able to get jobs as artists or designers." This created an atmosphere not of creativity, but of confusion, discouragement, discontentment, and low spirits.
As they say, "If I only knew then, what I know now", I never would have signed my parents or myself up for a $50,000 debt for a lack of education only to find out that my enrollment directly contributed to the fraud.
$11 BILLION seems quite unfathomable to students and parents now burdened by sums that are miniscule in comparison.
I have not paid a cent to contribute to this company's fraudulent action, and I refuse to pay a cent, or let disciplinary action to be taken upon myself or my parents. The loan company is threatening wage garnishment. How is this possible when they are accomplices to a HUGE fraud scandal? This scandal has been recognized in the Supreme Court, who then took action against EDMC. Loan agency Sallie Mae, now Navient, were hand-in-hand with EDMC, handing out loans to anyone who asked.
So what happened to the $11 BILLION? While a civil court case could prove punitive damages to the ones affected, the least I am asking is for the debt to be lifted for all those in attendance at the Art Institutes from 2003 to 2011.
View these articles on the EDMC money scandal, read the comments people have made on these articles, sign the petition, and help out those who have been conned into this scheme.
http://www.pdnonline.com/news/The-Art-Institutes--3531.shtml
http://www.huffingtonpost.com/davidhalperin/edmc-professors-and-stude_b_1909449.html
http://petapixel.com/2011/09/02/us-gov-sues-the-art-institutes-for-11-billion-fraud/
http://www.nytimes.com/2011/08/09/education/09forprofit.html?_r=0
http://www.studentsreview.com/specific_detail.php3?uid=3147
Quote from Huffington Post article:
"Senator Tom Harkin's Health Education Labor and Pensions (HELP) Committee calculates that 77.4 percent of EDMC's 2010 revenue came from U.S. Department of Education student financial aid."
In 2012, an online petition was started by Vaughn Reynolds at Change.org. He sought to unite Art Institutes students at various campuses in opposition of the teacher layoffs, to educate students and the public about the impact of Wall Street ownership of colleges. The petition has more than 2800 supporters so far. A related Facebook group has over 1800 members. Find the Facebook link here:
https://www.facebook.com/groups/aistudents/?ref=ts