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.
A Congressional watchdog asserts that accrediting agencies have not been more likely to sanction colleges with poor student outcomes than they are higher-performing institutions -- though report's own data are mixed on that question.
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.
An accrediting official who has been caught in the crucible between encouraging experimentation and protecting aid funds proposes a way for new institutions to get access to federal aid, without "subterfuge."