Aug. 6

Quick Takes: Legal Win for Apollo, U.S. Revokes Visas of 3 Palestinian Fulbright Scholars, Wachovia Abandons Private Student Loans, Boycott Possible of Law School Meeting, New Call for NCAA to Ban Booze Ads, Eduard Closes Campuses

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• The week appears to be a good one for the Apollo Group, the parent company of the University of Phoenix. A federal judge has thrown out a $277 million jury verdict that found that the company had violated securities law and investors’ rights by not disclosing a harshly critical report by the U.S. Education Department. Apollo officials said that they were not required to disclose the report because they were contesting its findings. In addition to the legal win, Apollo is making progress on its international expansion goals.
• After pushing Israel to let them out of Gaza, the United States is having second thoughts about some of this year’s Palestinian winners of Fulbright fellowships. The U.S. has revoked three students’ visas as well as that of a fourth student who was planning to study under another fellowship. The Associated Press quoted the State Department as saying that “additional information” had been obtained after the visas were awarded.
• Another major lender is cutting back on its student loan offerings. Wachovia Education Finance sent an e-mail to its college customers Tuesday saying it would stop making private loans to undergraduate students beginning today, “in light of the current overall financial industry environment.” Wachovia, which is among the nation’s top providers of alternative loans, said it would continue to offer private loans to graduate students and for law and medical education, as well as federal loans.
• Four groups of law professors and other legal professionals are threatening to boycott January’s meeting of the Association of American Law Schools because it is being held in a hotel — the Manchester Grand Hyatt in San Diego — whose owner has donated $125,000 to a campaign to ban gay marriage in California, The National Law Journal reported. The groups said that attending events at the hotel would violate their policies against discrimination based on sexual orientation.
• Coaches, athletic directors and college presidents are again calling on the National Collegiate Athletic Association to ban alcohol advertising from broadcasts of NCAA events, TV Week reported. Current NCAA rules include limits on the duration of the ads and the types of alcohol that may be advertised.
• Tropical Storm Edouard forced several Texas colleges and universities to cancel classes and close their campuses Tuesday. However, most institutions did not suffer serious damage. B.J. Almond, director of news and media relations at Rice University, which closed, said the university prepared for the storm but, save for a few downed tree limbs, escaped with minimal impact. “Our worst fears did not come to fruition,” Almond said. Karen Bigley, director of media relations and communications at Texas A&M University at Galveston, said the campus closed Monday at noon, was closed all day Tuesday, and will reopen tomorrow. As a precaution, power to some of the campus’ buildings was shut down and the e-mail and phone lines were also taken down. Other institutions closed Tuesday included Alvin Community College, Brazosport College, Galveston College, Houston Baptist University, Houston Community College, Texas Southern University and the University of Houston.

— Scott Jaschik, James Heggen and Doug Lederman

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