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.
The Policy Debate
Student advocates use the backdrop of ITT Tech's annual shareholders meeting to protest for-profit colleges' approach to loan debt.
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.
Feeling the push to survive heightened regulations, intense scrutiny and negative perceptions, the for-profit industry looks to transition to a new era.
Corinthian case moves through bankruptcy court, as feds try to spread word about debt relief to thousands of former students and Corinthian tries to sell assets ranging from campuses to typewriters.
Obama administration announces debt relief for tens of thousands of former Corinthian students -- and possibly many more students at that college and others.
Education Department steps up scrutiny of ITT's finances in wake of SEC charges, while two states ban company's eligibility for GI benefits.
Federal Trade Commission is latest agency to pursue for-profits, announcing that online Ashworth College has settled over allegations of misrepresenting transfer credits and state licensure prerequisites to students.
SEC charges ITT and top two executives with fraud, alleging they misled investors about huge losses in lending programs. Embattled company asks regulators not to run with fraud allegations until the court rules on them.
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.
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