forprofit

U.S. Department of Education says additional Corinthian campuses misled students

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The Education Department says additional campuses at the defunct for-profit chain exaggerated job placement rates, making another 85,000 students eligible for debt relief.

Obama administration, states reach major settlements with Education Management Corporation

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Obama administration and state attorneys general settle cases against EDMC. Could these be a blueprint for others?

Study finds for-profit colleges drove spike in student loan defaults

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Analysis says default problems in higher ed are largely due to surge in borrowing in that sector, with community colleges also playing a role.

As for-profit education sector faces financial woes and greater regulatory scrutiny, banks gain influence over colleges

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As proprietary colleges struggle, banks gain increasing influence over their fates and their dealings with the government.

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.

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