For-profit colleges

Federal judge tosses for-profit colleges’ challenge to ‘gainful employment’ rule

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In victory for Obama administration, a federal judge dismisses New York for-profit college group’s challenge to “gainful employment” regulations.

Federal Trade Commission charges Ashworth College with deceptive marketing

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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.

Drake College of Business to close doors at end of July

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A for-profit college in New Jersey that made news five years ago for recruiting homeless people has become the latest to announce it will close its doors.

SEC charges ITT with fraud over student loan programs

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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.

For-profit chains announce a new wave of closures and sell-offs

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Two major for-profits announce campus closures and sell-offs as the industry continues a long slide caused by regulatory crackdowns, competition and bad publicity.

As Education Department defends Corinthian collapse, Democrats turn up pressure

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The implosion of Corinthian Colleges came to an end Monday as the for-profit chain closed its doors for good -- but the political fallout for the Education Department remains. 

Corinthian ends operations at remaining campuses, affecting 16,000 students

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The for-profit college says it's immediately ending operations at its remaining campuses, interrupting the studies of some 16,000 students and possibly sticking the government with a bill for discharged loans. 

Feds respond to criticism of bid by ECMC to buy most of Corinthian

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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.

Guaranty agency buys most of crumbling for-profit Corinthian Colleges in U.S.

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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.

Enrollment numbers grew during recession but graduation rates slipped

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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.

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