Thursday, June 24, 2010

Senate Grilling of For-Profits; Listen on Line

June 23, 2010, 03:35 PM ET
Senate Grilling of For-Profits: Join the Conversation Online
By Marc Parry Chronicle of Higher Education

All eyes will be on the for-profit-education industry Thursday as the U.S. Senate convenes the first in a series of hearings examining federal spending on proprietary colleges. If you care about online education, it's worth paying attention because for-profits are gobbling up a growing share of the e-learning market.

Here's how you can follow along and join in the conversation online:

The hearing kicks off at 10 a.m., Eastern Daylight Time, and will be Webcast here. I'll be reporting live from the event on Twitter (@marcparry). If you're on Twitter, you can contribute to our coverage by using the hashtag "#4profit." All tweets with that tag will be published in a box on The Chronicle's home page.

A key witness testifying will be Steven Eisman, a hedge-fund manager who predicted the housing bubble and is now issuing similar warnings about for-profit higher education. He played a part in Michael Lewis’s best-selling book, “The Big Short: Inside the Doomsday Machine.”

For more on the issues at play Thursday, check out this morning's story by Chronicle reporter Paul Basken: "New Grilling of For-Profits Could Turn Up the Heat for All of Higher Education." hearing.

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