Elizabeth Warren launches investigation into sudden collapse of for-profit college chain

Sen. Elizabeth Warren (D-Mass.), House Oversight Committee Ranking Member Elijah Cummings (D-Md.), and Rep. Suzanne Bonamici (D-Ore.) have opened an investigation into the sudden collapse of the massive for-profit college chain Education Corporation of American (ECA), demanding information from ECA and the Accrediting Council for Independent Colleges and Schools (ACICS), the failed accreditor responsible for giving ECA its stamp of approval prior to the collapse. In a separate letter addressed to Education Secretary Betsy DeVos, Warren and several other senators demanded the Department take immediate steps to aid and protect students, veterans, and taxpayers in the wake of the significant collapse.