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.
For-Profit Higher Ed
Kaplan University creates new "competency reports" for all 45,000 students, a move that adds momentum, and risks, for competency-based education's spread.
A federal appeals court orders for-profit Heritage College to answer charges it violated federal law by altering records for federal aid -- overturning lower court dismissal.
Education Department and community colleges try to help Corinthian students transfer, but Senate Democrats and consumer groups complain about for-profits as a transfer option.
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.
Education Department turns up heat on for-profits with job-placement-rate scrutiny, three months before gainful-employment rules kick in. But lack of federal standards for placement rates causes confusion.
Education Department fines Corinthian Colleges $30 million for misleading students and orders its Heald College campuses to stop enrolling students and wind down operations.
For-profit colleges are feeling more scrutiny and pressure from states and attorneys general over their financial practices.
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.
To tap into private investment funds while retaining its public mission, a California nonprofit university becomes a "benefit corporation." Is the status legit -- and will other colleges follow?
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