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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. 

Obama seeks to boost higher education spending and proposes some loan reforms that have bipartisan appeal

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Budget details president's signature higher ed proposals -- free community college, Pell bonuses for colleges and expanded tax credits -- and some student aid reforms with bipartisan appeal. 

Congressional watchdog questions whether accreditors’ sanctions correlate with student outcomes

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A Congressional watchdog asserts that accrediting agencies have not been more likely to sanction colleges with poor student outcomes than they are higher-performing institutions -- though report's own data are mixed on that question. 

Feds respond to criticism of bid by ECMC to buy most of Corinthian

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Education Department defends sale of 56 Corinthian College campuses to ECMC, saying guarantee agency's purchase will help 40,000 students, many of whom are close to graduation.

Guaranty agency buys most of crumbling for-profit Corinthian Colleges in U.S.

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Half of Corinthian Colleges goes nonprofit, as loan guarantor ECMC will buy 56 Everest and WyoTech campuses. Critics say the purchase doesn't do nearly enough for students or to prevent conflicts of interest.

Enrollment numbers grew during recession but graduation rates slipped

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More students enrolled in college when the recession began, new data from the National Student Clearinghouse show, but a smaller percentage graduated within six years.

Obama administration has helped weaken and change the for-profit industry

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The final gainful employment rules have plenty of critics, but it's undeniable that the Obama administration has made a difference with its five-year crackdown on for-profits.

Final gainful employment rules drop loan default rate

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The Education Department releases its long-awaited gainful employment rules, making one key change and drawing complaints from both for-profits and their critics.

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