forprofit

New For-Profit Classification System

The Institute for Higher Education Policy has devised a new classification system to measure the performance and characteristics of for-profit colleges and universities. The framework is an attempt to look at for-profits in a less monolithic way, said Michelle Asha Cooper, the institute's president, and also to be "more outcomes-specific" when tracking the sector. One key measure is a look at markets where for-profits have expanded their operations, and the relative affluence of those markets. Parts of California, for example, have seen rapid growth, according to the system's accompanying report.

The target audience for the framework is lawmakers, Cooper said, adding that it could be used to help inform state-level policies. However, Cooper said findings gleaned from the system are likely to be complex and difficult to generalize. "It doesn't put institutions in neat little buckets," she said.

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For-profits take brunt of new Cal Grant cuts

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California's new financial aid cuts are aimed squarely at career colleges, another sign that the battle over for-profit regulation may be moving to the states.

Audit largely clears Education Department on gainful employment process

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Education Department officials protected sensitive information during gainful employment rulemaking, audit finds, but transparency is questioned, and Republican senators want deeper inquiry.

Budget cuts will drive federal policy on for-profits, Gunderson says

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Budget woes will trump ideology in for-profit policy debate, says industry trade group's chief, who calls for members to reduce reliance on federal revenue.

Kaplan's ESL division in New York City votes to unionize

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Instructors at Kaplan's ESL operation in New York City vote for collective bargaining.

New Accreditor Inquiry for Career Education Corp.

Career Education Corporation is responding to a new inquiry from a national accreditor related to job placement rates, according to a corporate filing by the company. The Accrediting Commission of Career Schools and Colleges has asked the company, which owns 90 for-profit college campuses, to "show cause" for why accreditation should not be withdrawn from 10 of its institutions. The inquiry stems from the company's earlier acknowledgment that it lacked sufficient documentation for some job placement data. That revelation led to a similar inquiry by another national accreditor -- the Accrediting Council for Independent Colleges and Schools -- which later cleared the company.

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For-Profit Group Issues Standards for Education of Veterans

The Association of Private Sector Colleges and Universities on Monday released a set of "core principles and standards" for their members on the education of veterans. The for-profit group's five "tenets" include a call for counseling by the U.S. Department of Veterans Affairs for all veterans who are prospective college students, as well as a list of disclosures colleges should make, including graduation and job placement rates for military and veteran students. However, the association pushed back against the use of the Consumer Financial Protection Bureau's "Know Before You Owe" form, the use of which the Obama Administration recently required as part of an executive order on veterans' education.

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Barriers to competency-based education may be lifting, panel says

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Competency-based education is all the rage, except that no college has yet to go all-in. Panel discusses why, with Education Department official promising that feds won't stand in the way.

U.S. appeals court issues mixed decision on for-profit challenge to rules

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Federal appeals court weighs in on for-profit group's challenge to tightened Education Department rules, siding partially with industry on marketing-related regulation but upholding most of lower court decision.

Attorneys General Urge Tighter Rules on Military Aid and For-Profits

Attorneys general in more than 20 states sent a letter Tuesday urging Congressional leaders to tighten federal rules in ways that could limit the ability of some for-profit colleges to enroll military service members and veterans using government aid. The letter, signed by 21 attorneys general and one state consumer protection official, calls on Congress to enact legislation that would count military and veterans' education aid along with Education Department student grants for the purposes of a federal rule that requires for-profit colleges to derive at least 10 percent of their revenues from sources other than federal aid. Right now military and veterans' educational aid is excluded from that total. Changes in the rule are unlikely given the current makeup of Congress.

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