forprofit

Ashford U's closure and what it says about for-profit higher ed

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Ashford University is shutting down, 10 years after it became the platform for a publicly traded, mostly online college. A look at what the situation says (and doesn't say) about for-profit higher ed.

The for-profit industry is struggling, but has not reached the end of the road

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Feeling the push to survive heightened regulations, intense scrutiny and negative perceptions, the for-profit industry looks to transition to a new era.

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.

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