Jul 11 Watch 5:20 Betsy DeVos hits reset on new student loan consumer protections By PBS News Hour The Trump administration has held up the implementation of Obama-era rules that would have allowed student borrowers to have their debt erased if they had been victims of fraud by for-profit schools. Now 18 states and the District of Columbia… Continue watching
Jun 13 New rule aims to streamline debt forgiveness for victims of rogue for-profit schools By Jennifer C. Kerr, Associated Press 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. Continue reading
Mar 14 U.S. to fire monitor overseeing turnaround strategies of for-profit colleges By Jeff Horwitz, 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… Continue reading
Jan 27 Obama to seek $12B from Congress for child nutrition By Darlene Superville, 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. Continue reading
Nov 16 U.S. reaches $95.5M settlement in for-profit education case 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. Continue reading
Oct 09 Pentagon puts for-profit University of Phoenix on probation 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. Continue reading
Jul 01 Why the government let many trade schools become diploma mills 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… Continue reading
Jun 05 Corinthian campuses getting nonprofit makeover 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… Continue reading
May 07 Can for-profit colleges survive their slump? 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. Continue reading
Apr 27 For-profit Corinthian Colleges closes remaining campuses By Kyla Calvert Mason Corinthian Colleges, a for-profit college company, has stopped operating and closed its remaining 28 campuses, according to a statement released Monday by the company. Continue reading