Massachusetts Attorney General Martha Coakley has broadened her investigation into recruiting and lending practices at for-profit colleges and trade schools, which critics say leave students with mountains of student loan debt, but often do not lead to decent-paying jobs.
In remarks to the National Association of Independent Colleges and Universities Tuesday, a Republican Congresswoman used a Holocaust reference to suggest that private college leaders should have stood up to the Obama administration's regulation of for-profit colleges.
House Majority Leader Eric Cantor (R-Va.) rehashed the education portion of the GOP platform Tuesday, promoting for-profit colleges in a speech labeled a "rebranding" of the Republican Party.
“I am a Phoenix” is no more. The once-ubiquitous TV commercials touting student and faculty pride in the University of Phoenix have been replaced by a new ad campaign that its marketers hope will “project a hopeful, positive message for America.” It’s also designed to lay the ground for what one university executive called “a massive repositioning” of the institution.
Wisconsin is shaping up to be an important front in the battle over for-profit higher education, with a likely crackdown in Milwaukee and a brewing debate over tighter regulations at the state level.
Private college presidents head to Capitol Hill today to make the case for private higher education, hoping to maintain funding for federal student aid programs while slowing down what they see as an encroaching tide of new federal regulations.
Massachusetts Attorney General Martha Coakley has broadened her investigation into recruiting and lending practices at for-profit colleges and trade schools, which critics say leave students with mountains of student loan debt, but often do not lead to decent-paying jobs.
A US$150 million equity investment by the World Bank’s International Finance Corporation (IFC) into US-based for-profit education company Laureate Education will help spearhead a push into Africa, in line with World Bank aims to develop post-secondary education and skills training on the continent.
Shares of for-profit education companies traded higher on Thursday after DeVry Inc. reported strong quarterly results and the federal government said the Pell Grant Program, which provides financial aid to low-income students, is in better financial shape than expected.
In remarks to the National Association of Independent Colleges and Universities Tuesday, a Republican Congresswoman used a Holocaust reference to suggest that private college leaders should have stood up to the Obama administration's regulation of for-profit colleges.
When Albert Anarwat applied to the for-profit Aristotle University, in California, the Ghanaian student said he asked the university if the institution was accredited. Not only was he told yes, he said, but he also was told that if the university was not accredited, “How could they get a SEVIS number” – SEVIS being the federal Student and Exchange Visitor Information System. In other words, if the institution was not accredited, how could it be approved to host international students?
Aggressive recruiting by some of the state's largest for-profit colleges is drawing scrutiny from the Minnesota attorney general, who contends that students, many of them veterans, can find themselves unable to repay federal loans, leaving taxpayers on the hook.
Regent's College is to take over the American InterContinental University London in what is thought to be the first UK acquisition of a for-profit by a not-for-profit higher education provider.
A group representing the much-maligned for-profit higher education industry released a report Wednesday outlining best practices for schools to follow, including tight oversight of recruiting, in-depth financial counseling for students, and tracking of veterans’ educational progress, among other proposals.