In new draft, U.S. panel endorses specific ideas for reworking higher education accreditation, including keeping link to student aid and defining common data for accreditors to use in judging colleges.
The Department of Education admits failing to include black students in its calculation of loan repayment rates in run-up to gainful employment. The mistake will fuel for-profit claims of unfair treatment by feds.
Victory University, a for-profit institution in Memphis, is shutting down, Memphis News Channel 3 reported. Rumors have circulated about financial problems at the institution, which has 1,600 students.
The University of Northern Virginia doesn't sound like an institution to find in South Dakota. But the for-profit institution has relocated there, the Associated Press reported. Virginia authorities shut it down, citing a lack of accreditation, but now it has an address in South Dakota, seen by many as lax in regulating for-profit higher education. Northern Virginia officials could not be reached for comment.
On the heels of the Consumer Financial Protection Bureau’s announcement last week that it was suing for-profit education giant ITT Educational Services for engaging in predatory lending practices, one Democratic senator is calling on the Department of Education to also investigate the company. Senator Richard Durbin of Illinois, a Democrat and longtime critic of for-profit colleges, on Friday sent a letter urging Education Secretary Arne Duncan “to investigate these troubling accusations and scrutinize ITT’s participation” in federal student aid programs.
Durbin also sent a letter to ITT’s accreditor, the Accrediting Council for Independent Colleges and Schools, calling for the agency to “hold ITT accountable.”
Durbin previously sent similar letters to the Education Department in December asking for an investigation of Corinthian Colleges after a Huffington Postarticle said the company had hired graduates temporarily to artificially boost Corinthian's job placement rates.