Zenith Education gets a new CEO and $250 million from its guaranty agency owner, to continue effort to reinvent career education and recover from shedding 29 campuses and 23,000 students since buying the remains of failed for-profit.
Education Department staff proposes termination for ACICS, threatening access to federal aid for the 243 institutions -- many of them for-profit -- the national accreditor oversees. Updated with reactions.
Education Department unveils draft regulations for borrowers seeking federal debt forgiveness, which include an end to mandatory arbitration agreements and requirements for some for-profits to be on the hook to pay for debt relief.
National accreditor ACICS, which faces an existential threat for being too lax with bad actors like Corinthian Colleges, tried to yank its approval of Bristol U, a deeply troubled for-profit. But a judge blocked the accreditor's move.
Hillary Clinton pledges to outdo the Obama administration in cracking down on for-profits. But will her ties to the industry, including the $16.5 million Bill Clinton earned working for Laureate Education, influence her approach?