Thursday, May 17, 2007

BCTI Students get $9 Mil in Insurance Settlement.

As those who have been paying attention to the state of "vocational" education in Washington state the David Wickert of the Tacoma News Tribune who has reported extensively on BCTI reported that an insurance company for BCTI has agreed to pay $9 million dollars to settle some of the claims of fraud. It's very fortunate that BCTI had insurance for this .... sort of thing. I'm thinking it might be a great idea for the Washington State Workforce Training and Education Board to make it mandatory that these schools carry insurance for fraud. I'm thinking the premiums might be high in light of this settlement, but the price to students was extremely high. Now it's true that each school does pay into a tuition reimbursement fund but this insurance would supplement that. Ironically enough, if more students from Computer Reporting Institute ("CRI") had made successful complaints -- the Seattle Times article stated that only "a dozen" did -- the Tuition Reimbursement Fund might have been exhausted, another reason to have schools take out fraud insurance.

Some of the students from CRI are going to lobby the legislature to post the rules and statute of limitations (1 year from the time you leave the school) for filing a Workforce complaint against a vocational school for tuition refund in a public and central location at each school. Had this legislation been in place, many more students might have made complaints and there is a possibility that the tuition refund kitty would have been overdrawn.

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