WASHINGTON — The for-profit college sector filed a lawsuit Thursday that seeks to halt new regulations of its industry.
WASHINGTON — For-profit colleges that don’t produce graduates capable of paying off their student loans could soon face the wrath of the federal government.
Schools with career-oriented programs that fail to comply with the new rule being announced Thursday by the Obama administration stand to lose access to federal student-aid programs. Continue reading
Veterans coming home from Iraq and Afghanistan are enrolling at for-profit colleges and some of those companies operating on campus “appear to be taking advantage of a loophole.” That loophole lets the companies count GI Bill benefits as non-federal (non-taxpayer) money, according to a report released earlier today from Senator Tom Harkin, chairmen of the Senate Health, Education and Labor Pensions (HELP) Committee. Continue reading
For-profit Corinthian Colleges, Inc. reached a deal with the Department of Education to sell or discontinue its programs over the next six months. The deal comes after the Department of Education added a 21-day waiting period to federal student aid payments going to the company on June 12. Continue reading