Federal Trade Commission alleges the for-profit university misled students about their employment and income prospects, and Education Department seeks to stop DeVry from making deceptive advertisements.
For-Profit Higher Ed
After years of allegations of deceptive marketing practices, for-profit Westwood College is no longer accepting new students after another multimillion-dollar agreement with a state attorney general.
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 and state attorneys general settle cases against EDMC. Could these be a blueprint for others?
A fictional Corinthian-like institution and a debt strike get very close to nonfiction on the CBS show.
Education Department tightens its oversight of embattled ITT Tech, citing failures of financial responsibility and federal fraud charges.
The Consumer Financial Protection Bureau files an investigative demand with a national accreditor that recognizes hundreds of for-profits.
Corinthian's court-approved liquidation plan will provide $4.3 million for former students, which they will use to press U.S. to grant more sweeping discharges for students of the defunct for-profit chain.
While under the watchful gaze of the Education Department, Corinthian Colleges apparently mishandled federal funds this year, the Justice Department says in a recent filing.
As proprietary colleges struggle, banks gain increasing influence over their fates and their dealings with the government.