forprofit

U. of the Rockies Transfers Personnel

The University of the Rockies has transferred a "substantial presence" of its personnel and operations to the domain of its regional accreditor, the Higher Learning Commission of the North Central Association of Schools and Colleges, according to a corporate filing from Bridgepoint Education Inc., which owns the university. The university is based in Colorado Springs, which is in the commission's territory, but Bridgepoint's corporate headquarters is in San Diego, which is not. The for-profit institution made the move to meet the commission's presence requirements, which have also been an issue for Bridgepoint's Ashford University.

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Accreditor Puts Ashford on Notice

Bridgepoint Education Inc. announced Thursday that its Ashford University has been placed "on notice" by the for-profit college's regional accreditor, the Higher Learning Commission of the North Central Association of Colleges and Schools. The sanction, which is less serious than probation, is based on the commission's concerns about Ashford's inability to meet new standards for accreditation, which the commission put into effect in January, as well as Ashford's current noncompliance with the accreditor's "substantial presence policy" (which requires institutions to have a meaningful physical presence in the agency's geographic region), according to a Bridgepoint corporate filing. Ashford last year had its bid rejected for accreditation with the Western Association of Schools and Colleges. And the commission's sanction follows a site team's recommendation last week that the University of Phoenix be put on probation.

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For-Profit Group's Report on Veteran Education

A task force convened by the Association of Private Sector Colleges and Universities, which is the primary trade group of the for-profit sector, today issued a report on how colleges can better serve students who are veterans or active-duty members of the U.S. military. The recommended "best practices" touch on career services, pedagogy and student recruitment. Steve Gunderson, the association's president, said the report should be useful to all of higher education. The association plans to release three other reports on quality standards in coming months, he said.

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British Nonprofit College Buys American For-Profit

Regent's College, a nonprofit British institution, has purchased for-profit American Intercontinental University London from the latter's owner, Career Education Corporation, Times Higher Education reported. The purchase is the first of its kind in Britain. Regent's will run American Intercontinental as a for-profit subsidiary initially but plans to subsume it within Regent's within a year.

 

International students complain about the quality of education at an unaccredited California institution

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An unaccredited California institution lacks approval by the state to operate, but is allowed to enroll international students -- some of whom say the education is seriously substandard.

 

Foxx criticizes private college leaders for not defending for-profit colleges

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Representative Virginia Foxx uses allusion to the Holocaust to criticize private college presidents for not defending for-profit institutions against regulations.

Judge Dismisses EEOC Suit Against Kaplan

A federal judge this week dismissed a lawsuit charging that Kaplan Higher Education discriminated against black job applicants by rejecting some people seeking employment because of their credit histories, The New York Times reported. The suit, brought by the U.S. Equal Employment Opportunity Commission, said that relying on credit histories has a disproportionate impact on black applicants. The suit was dismissed after the judge agreed to block testimony from an expert witness for the EEOC, finding that the way that witness identified which job applicants were black was not reliable.

 

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ITT Tech Expands Scholarships

ITT Technical Institute is the latest for-profit higher education provider to go big with scholarships. The institute's holding company announced in an earnings call on Thursday that it hopes to expand a pilot program to all of its campuses by the end of the year. Company officials said early returns showed that discounting tuition has had a positive impact on student enrollment. The scholarship reduces net tuition to $28,000 from $44,000, according to a written statement from Trace Urdan, an analyst with Wells Fargo Securities.

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World Bank affiliate invests $150 million in for-profit college provider

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The International Finance Corporation, a member of the World Bank Group, invests $150 million in Laureate Education, a for-profit higher ed provider.

Apollo Group Founder's Nice Retirement Package

The retirement package for John Sperling, the recently retired founder of the Apollo Group (parent company of the University of Phoenix) "likely won’t do the company any favors on the PR front," The Wall Street Journal reported. Sperling will receive $5 million in a "special retirement bonus," an annuity of $70,833.33 a month, ownership of two Apollo vehicles he used while he was chairman and "reasonable out-of-pocket” medical- and dental-care coverage.

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