forprofit

Drake College of Business to close doors at end of July

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A for-profit college in New Jersey that made news five years ago for recruiting homeless people has become the latest to announce it will close its doors.

Improved economy leads to enrollment dips among two-year and for-profit colleges

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Student enrollment numbers are down at two-year colleges and four-year for-profit institutions, according to a new National Student Clearinghouse Research Center report. 

SEC charges ITT with fraud over student loan programs

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SEC charges ITT and top two executives with fraud, alleging they misled investors about huge losses in lending programs. Embattled company asks regulators not to run with fraud allegations until the court rules on them.

For-profit chains announce a new wave of closures and sell-offs

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Two major for-profits announce campus closures and sell-offs as the industry continues a long slide caused by regulatory crackdowns, competition and bad publicity.

As Corinthian enters bankruptcy, U.S. responds to debt relief calls

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As Corinthian files for bankruptcy, Education Department officials race to head off the political firestorm over debt forgiveness sparked by unprecedented collapse of the for-profit college. 

As Education Department defends Corinthian collapse, Democrats turn up pressure

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The implosion of Corinthian Colleges came to an end Monday as the for-profit chain closed its doors for good -- but the political fallout for the Education Department remains. 

Corinthian ends operations at remaining campuses, affecting 16,000 students

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The for-profit college says it's immediately ending operations at its remaining campuses, interrupting the studies of some 16,000 students and possibly sticking the government with a bill for discharged loans. 

U.S. Fines Corinthian Colleges $30 Million and Effectively Closes Heald Chain

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Education Department fines Corinthian Colleges $30 million for misleading students and orders its Heald College campuses to stop enrolling students and wind down operations.

Education Department names the remaining colleges on monitoring list for ‘severe’ audit findings

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The remaining colleges -- most of which have been singled out for scrutiny over "severe" audit findings -- are mostly for-profit colleges and beauty schools. 

Student activists call for ‘debt strike’ against federal loans they incurred at the embattled Corinthian Colleges

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Student activists refuse to pay federal loans incurred at the embattled for-profit education company and call on the Department of Education for greater borrower relief. 

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