A fictional Corinthian-like institution and a debt strike get very close to nonfiction on the CBS show.
For-Profit Higher Ed
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.
The Consumer Financial Protection Bureau is launching an investigation into Bridgepoint Education and Ashford University's student lending practices.
Student advocates use the backdrop of ITT Tech's annual shareholders meeting to protest for-profit colleges' approach to loan debt.
Almost 100 fewer for-profit colleges operated in 2014-15 than in 2012-13, according to federal data.
Big changes for APSCU, the for-profit trade group, which has lost most of its large-chain members and plans to focus again on career education.
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