forprofit

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. 

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.

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