For-Profit: Page 6
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Arizona State and partner launch InStride workforce education platform
The university and a private equity firm have released more details on the anticipated initiative to connect institutions and employers.
By Hallie Busta • Updated April 8, 2019 -
Deep Dive
Timeline: How Dream Center’s higher ed bid went off the rails
The court-appointed receiver says Dream Center is out $2.5 million in payroll expenses, and lawmakers call the Ed Department "complicit" in the collapse.
By Ben Unglesbee • Updated March 19, 2019 -
Bridgepoint to acquire coding boot camp Fullstack Academy
The deal, for $17.5 million in cash plus stock, gives the for-profit operator a platform to expand into other high-demand training verticals.
By Ben Unglesbee • March 13, 2019 -
Ed Dept recommends bankruptcy for Dream Center
In a hearing Monday, a federal judge extended the embattled receivership, but the end may be near after several of the operator's colleges closed.
By Ben Unglesbee • Updated March 12, 2019 -
Receiver says Dream Center is 'insolvent,' plans to sell or close campuses
The manager of its assets says he has lined up buyers and transfer partners for many of its remaining colleges following Argosy's loss of Title IV access.
By Ben Unglesbee • Updated March 8, 2019 -
Ed Dept pulls Argosy U’s Title IV access in blow to Dream Center
With $13 million owed to students and few answers, the federal agency denied the for-profit college's request for a change in control and nonprofit conversion.
By Ben Unglesbee • Updated March 1, 2019 -
Will National American U's online pivot be enough to keep it alive?
The for-profit faces declining enrollment and a bleeding balance sheet, but success online is uncertain in a tight market and sale prospects are limited.
By Ben Unglesbee • Feb. 26, 2019 -
Veterans groups urge VA to keep GI benefits away from deceptive colleges
A recent audit estimating the department will make $2.3 billion in improper payments over the next five years raised fresh concerns over wasted funds.
By Natalie Schwartz • Feb. 25, 2019 -
Dream Center receiver sues groups that took over Art Institutes
The manager of the nonprofit's assets claims the Education Department forced it into the arrangement on the threat of losing its Title IV access.
By Ben Unglesbee • Updated Feb. 26, 2019 -
IRS approval brings Ashford U a step closer to nonprofit status
Bridgepoint's plan to spin off the for-profit, online college still requires several layers of approval it has previously struggled to get.
By Natalie Schwartz • Feb. 20, 2019 -
Amid growing scrutiny, Dream Center receiver says Title IV funds ‘not missing’
A new report from the manager of the organization's assets offers few answers but suggests he is asking the Ed Department for advances on funds.
By Ben Unglesbee • Feb. 20, 2019 -
Art Institute deal left Dream Center in 'dire' situation, receiver says
Fees allegedly skimmed from a $51 million Title IV payout have students and officials asking why the trail of federal aid is proving so difficult to follow.
By Ben Unglesbee • Feb. 13, 2019 -
For-profit Bridgepoint hires new strategy chief as it retools
The company is bringing in a specialist in business development and M&A as it looks to spin off Ashford University and convert into a services provider.
By Ben Unglesbee • Feb. 12, 2019 -
3 Art Institutes in limbo have possible buyers, receiver says
Closure plans for the Pittsburgh, Las Vegas and Seattle campuses are on hold while the overseer of its nonprofit owners' assets seeks parties to take them on.
By Ben Unglesbee • Feb. 8, 2019 -
For-profit Laureate sells St. Augustine for $400M, holds onto Walden U
The operator is realigning around its Latin American campuses and online offerings in the U.S., but its debt load has caused losses in recent years.
By Ben Unglesbee • Feb. 7, 2019 -
Getty Images
Deep DiveAs borrower defense gets another rewrite, for-profits wrestle with uncertainty
Failing once to undo Obama-era rules aimed at for-profits, the Ed Department has signaled it will try again. But a confusing regulatory landscape remains.
By Ben Unglesbee • Feb. 7, 2019 -
Uncertainty looms as 2 more Art Institutes prepare to close
Leadership at the Pittsburgh location is in flux after it submitted closure plans to state regulators while keeping students and faculty in the dark.
By Ben Unglesbee • Updated Feb. 6, 2019 -
For-profit National American U raises doubts about survival
The company's turnaround strategy involves closing its campuses and shifting its focus entirely online, according to a securities filing.
By Ben Unglesbee • Jan. 24, 2019 -
How buying the Art Institutes brought Dream Center to the brink of collapse
The college chain's revenue fell tens of millions of dollars short of what its previous owner projected, the nonprofit said in receivership court filings.
By Ben Unglesbee • Updated Jan. 25, 2019 -
Deep Dive
How state agencies prepared for the chaos of ECA's abrupt closure
"We saw the writing on the wall," one regulator said of the coordinated attempt to get ahead of the for-profit's eventual shutdown, which hit 20,000 students.
By Ben Unglesbee • Jan. 22, 2019 -
New York Gov. Cuomo proposes tougher rules on for-profits, student loan servicers
In his latest budget proposal, the governor blasted the Trump administration's deregulatory policies and said he aims to "fill the gap" in consumer protection.
By Ben Unglesbee • Jan. 17, 2019 -
Facing insolvency, Dream Center is unloading Art Institutes
The arts school chain was bought just over a year ago, but its owner struggled under inherited debt and has been closing campuses.
By Ben Unglesbee • Jan. 16, 2019 -
Veterans underrepresented at top US colleges
Two-thirds of student veterans are enrolled in colleges with graduation rates under 50%, according to a new report on how colleges can serve this group.
By James Paterson , Natalie Schwartz • Jan. 16, 2019 -
Nonprofit National University System finalizes acquisition of for-profit college
The deal to buy Northcentral University, for an undisclosed price, aims to beef up its online presence and reach working adults with graduate programs.
By Ben Unglesbee • Jan. 8, 2019 -
For-profit trade group urges Democrats to ease takeovers of troubled colleges
Colleges' inability to get federal aid in bankruptcy makes it hard for healthy operators to take over struggling ones, CECU's Steve Gunderson contends.
By Ben Unglesbee • Jan. 7, 2019
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