For-profits are under fire, and a few have made the jump to become nonprofits. But the process is tricky and offers a mixed bag on regulatory benefits.
The Policy Debate
ITT's missed deadline with the Education Department prompts comparisons to Corinthian Colleges. But ITT is on firmer ground.
Corinthian Colleges and the feds have a day to decide how to dismantle the huge for-profit, with the fate of students, employees and $1.2 billion in loans hanging in the balance.
Trotting out students as victims of for-profit institutions is often an attack by false and partial anecdotes, writes Wade Dyke.
The Education Department improvised in helping to shut down Corinthian Colleges, raising questions about a similar approach with other large for-profits.
Corinthian Colleges Inc. teeters on the brink as the Education Department delays payments, raising worries about what will happen to the for-profit's 72,000 students.
As public comment period ends for the administration's "gainful employment" proposal, for-profit colleges and supporters blast the rules as an overreach; critics of the industry say proposal doesn't go far enough.
Gainful employment will leave fewer options for underserved students, finds a study the for-profit industry commissioned. It also gives hints about a possible legal challenge.
Laureate Education's CEO, Douglas Becker, talks about how the huge for-profit higher-ed company works across 30 countries, where it has hit snags, and what comes next.
Sen. Harkin joins consumer groups in call for stronger gainful employment rules, and the retiring senator points to other Democrats who will continue the fight.