Students who attend for-profit college and training programs are more likely to borrow, borrow more and struggle to repay their loans. Not only that, but the overall graduation rate at for-profit institutions is just 27 percent. Meanwhile, a number of…
By PBS NewsHour
The Education Department says a rule proposed Monday would lay out a clear relief process for borrowers who believe they were lied to about job prospects after college or otherwise deceived in order to enroll in the school.
By Jennifer C. Kerr, Associated Press
WASHINGTON — The Education Department is removing a law firm hired to oversee the turnaround of schools owned by Corinthian Colleges Inc., a for-profit education company whose financial collapse had placed at risk more than $1 billion in federal student…
By Jeff Horwitz, Associated Press
WASHINGTON -- President Barack Obama plans to ask Congress for $12 billion over a decade to help feed schoolchildren from low-income families during the summer, the White House said Wednesday.
By Darlene Superville, Associated Press
By Joe Mandak and Eric Tucker, Associated Press
PITTSBURGH -- A Pittsburgh company that enrolls more than 100,000 students at for-profit trade schools and colleges across the U.S. is not admitting wrongdoing as part of a $95.5 million settlement with the Obama administration.
By Dan Sagalyn
The Defense Department has placed the University of Phoenix on probation, barring the for-profit school from recruitment activities and career fairs on military bases.
By Anne Flaherty, Associated Press
WASHINGTON — How did trade schools go from being mom-and-pop shops that trained mechanics and hair stylists to making billions on Wall Street? And if the industry is as predatory as the Education Department and many lawmakers suggest, why didn't…
By Doug Lederman, Inside Higher Ed
SAVANNAH, Ga. — As a guarantor of student loans that specialized in collecting from students on the precipice of bankruptcy, the Educational Credit Management Corporation saw up close the “impact of students taking on debt, dropping out of school and…
By Paul Fain, Inside Higher Ed
The dramatic collapse of Corinthian Colleges isn’t the only shake-up happening in for-profit higher education, as a broad swath of the sector is shutting down or selling off campuses after years of declining revenue and enrollment.
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