forprofit

U.S. will erase debt for Corinthian students, create new loan forgiveness process

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Obama administration announces debt relief for tens of thousands of former Corinthian students -- and possibly many more students at that college and others.

Purchaser of defunct for-profit begins to plot a strategy

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The nonprofit loan agency that bought dozens of Corinthian campuses has started to figure out what to do with them, and guarantor's CEO promises wholesale changes in behavior.

Federal judge tosses for-profit colleges’ challenge to ‘gainful employment’ rule

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In victory for Obama administration, a federal judge dismisses New York for-profit college group’s challenge to “gainful employment” regulations.

Federal Trade Commission charges Ashworth College with deceptive marketing

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Federal Trade Commission is latest agency to pursue for-profits, announcing that online Ashworth College has settled over allegations of misrepresenting transfer credits and state licensure prerequisites to students.

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. 

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