Questions About Closure of For-Profit Chain
- For-profit group's new leader calls for self-regulation and collaboration
- New Programs: Homeland Security, Communications, International Affairs, Biotechnology, Psychology
- Few for-profits have become nonprofits, despite regulatory environment
- Aftermath of for-profit fight in Wisconsin
- Defaults Nearly Double
Florida and Connecticut officials are investigating the closure of the Connecticut School of Broadcasting, a nationwide for-profit education chain, The Palm Beach Post reported. School officials blamed the closure on the tightening private loan market for students, but state officials are wondering whether students were admitted (and required to pay tuition bills) at a point when the school was already planning to shut down. One employee of a Florida branch of the school told the Palm Beach newspaper about an abrupt end to the program: "They had the students come in, sit down, and said, 'You're graduating tonight.' Isn't there a law where there have to be exams taken? They didn't take any finals."