The Dream Center Foundation, a religious missionary organization based in Los Angeles, plans to buy EDMC, a struggling for-profit chain that enrolls 65,000 students. The resulting nonprofit college group will be secular.
For-Profit Higher Ed
Given the high dropout rates and poor job-placement rates of for-profit colleges, people often blame them for what are, in fact, labor market failures in an economy that has shifted new risks to workers, writes Tressie McMillan Cottom.
For-profit-college advocates cite Obama administration data goof on loan repayment rates as justification for revisiting borrower-defense and gainful-employment rules.
For-profit Laureate Education becomes a publicly held company and the first such company to adopt benefit status, signaling its intent to focus on mission as well as money.
Even though for-profit colleges may be poised to benefit under the Trump administration, they should not take a business-as-usual approach to their operations, argues Joseph R. D’Angelo.
Graduates who earned certificates at public institutions have larger salaries, but there is wide variation between programs even at the same institutions.
Investors fret that the Education Department's lengthy scrutiny of the U of Phoenix's proposed sale means the deal might be nixed. Politics and optics might be reasons for the delay.
The Education Department said Friday it would restore Pell Grant eligibility for students whose education was interrupted by the closure of their institutions.
Campaign contributions from for-profit colleges continue to tilt heavily to Republicans. But the struggling sector's political giving is down since peaking in 2012.
Settlement between for-profit university and Education Department resolves charges over unsubstantiated advertising about job placement, but Federal Trade Commission lawsuit over same claims remains.
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