The Education Department improvised in helping to shut down Corinthian Colleges, raising questions about a similar approach with other large for-profits.
For-Profit Higher Ed
Corinthian Colleges and the Education Department strike a deal to keep the for-profit chain afloat long enough to sell or "teach out" its 107 campuses.
Corinthian Colleges Inc. teeters on the brink as the Education Department delays payments, raising worries about what will happen to the for-profit's 72,000 students.
As public comment period ends for the administration's "gainful employment" proposal, for-profit colleges and supporters blast the rules as an overreach; critics of the industry say proposal doesn't go far enough.
Gainful employment will leave fewer options for underserved students, finds a study the for-profit industry commissioned. It also gives hints about a possible legal challenge.
Proprietary institutions need to shun short-run investor thinking in favor of long-term thinking with students and social purpose in mind, Jorge Klor de Alva argues.
Architect of Obama administration's "gainful employment" rules offers philosophical justification for why corporate-backed colleges need a tougher form of regulation.
Laureate Education's CEO, Douglas Becker, talks about how the huge for-profit higher-ed company works across 30 countries, where it has hit snags, and what comes next.
Sen. Harkin joins consumer groups in call for stronger gainful employment rules, and the retiring senator points to other Democrats who will continue the fight.
Troubles mount for Corinthian Colleges, a slumping for-profit, which this week signaled it was open to a sale or merger.
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