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?
For-Profit Higher Ed
The university's new president, Tim Slottow, responds to Matt Reed's questions about academic quality, saying the for-profit chain serves students well.
ECMC closes deal to buy 53 Corinthian campuses, earning praise from federal agencies and some consumer groups for deal to forgive $480 million in students' private loans.
Karen Gross considers the implications of a marketing buy that most colleges could never even dream about.
Western Governors University steers rejected applicants to StraighterLine, an online course provider that acts as a low-risk way for students to prepare to earn a degree.
Education Department defends sale of 56 Corinthian College campuses to ECMC, saying guarantee agency's purchase will help 40,000 students, many of whom are close to graduation.
Half of Corinthian Colleges goes nonprofit, as loan guarantor ECMC will buy 56 Everest and WyoTech campuses. Critics say the purchase doesn't do nearly enough for students or to prevent conflicts of interest.
More students enrolled in college when the recession began, new data from the National Student Clearinghouse show, but a smaller percentage graduated within six years.
The final gainful employment rules have plenty of critics, but it's undeniable that the Obama administration has made a difference with its five-year crackdown on for-profits.
One of the nation's largest for-profit colleges is thinking about becoming a nonprofit.
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