For-Profit: Page 7
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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 -
Career Education settles 5-year inquiry over marketing practices
The for-profit operator agreed not to collect on nearly $500 million owed by students following allegations it used misleading recruiting tactics.
By Ben Unglesbee • Jan. 4, 2019 -
For-profit National American University exits Nasdaq
A fresh bet on online growth didn't stop the for-profit operator's drift into penny stock, which follows years of declining revenue and profits.
By Ben Unglesbee • Jan. 3, 2019 -
Grand Canyon Education buys Orbis Education Services for $362.5M
The deal could help diversify the for-profit service provider's revenue and clients after it spun off Grand Canyon University earlier this year.
By Ben Unglesbee • Dec. 19, 2018 -
Deep Dive
What's next for higher ed's for-profit colleges?
More M&A and nonprofit conversions are expected as the troubled sector stares down political uncertainty in 2020 and beyond.
By Hallie Busta • Dec. 19, 2018 -
Dream Center sued over claims it misled students on Art Institutes accreditation
The lawsuit alleges the social services nonprofit kept students in the dark for months about four campuses that lost their accreditation.
By Ben Unglesbee • Dec. 11, 2018 -
Education Corporation of America shuts down after ACICS pulls accreditation
The operator of for-profit Virginia College and Brightwood Career Institute is closing 70-plus campuses amid mounting financial and compliance troubles.
By Ben Unglesbee • Dec. 6, 2018 -
NYC consumer affairs department sues for-profit Berkeley College
More local and state agencies are shining a light on for-profit colleges as the federal government seeks to loosen regulations for the sector.
By Hallie Busta • Oct. 23, 2018 -
College Scorecard update to offer more relevant data
The consumer tool will add data on professional degrees and student debt and earnings at the program level, the Education Department says.
By Halona Black • Oct. 8, 2018 -
DeVry acquisition raises concerns amid for-profit M&A trend
Critics question whether the new owner intends to profit from a resale, though a spokeswoman cites a "long-term view" focused on student outcomes.
By Hallie Busta , James Paterson • Oct. 3, 2018 -
Students say Apple co-founder's Woz U is flawed
The online tech education provider faces criticism for a 33-week, $13,200 program students say is faulty, out-of-date and lacks instructors.
By James Paterson • Oct. 2, 2018 -
Ed Department: Embattled for-profit accreditor met 19 of 21 compliance rules
Education Secretary Betsy DeVos is expected to sign off on the decision, which gives ACICS — the accreditor that oversaw high-profile collapses of for-profits — 12 months to comply with the remaining two rules.
By Hallie Busta • Oct. 1, 2018 -
ITT trustee sues Ed Department, lenders to help pay $1.5B in claims
The suit alleges financial institutions and government officials took advantage of low-income students and ignored the for-profit college's troubles.
By James Paterson • Sept. 24, 2018 -
Screenshot
For-profit college chain sanctioned by accreditor
The Utah-based Center for Excellence in Higher Education previously tried to have its status changed to nonprofit.
By James Paterson • Sept. 12, 2018 -
Most for-profit borrowers get only partial loan relief under Trump
The administration says the earnings-based tiered forgiveness policy speeds up the approvals process and spares taxpayers potential "massive costs."
By James Paterson • Sept. 11, 2018 -
Screenshot
DeVos delays action on for-profit accreditor ACICS for the second time
Reversal of the controversial group's deauthorization by the Obama administration is at the center of the education secretary's review.
By James Paterson • Aug. 31, 2018 -
Shalina Chatlani
Ed Department to tackle accreditation in negotiated rule-making session
One of the department's top officials says current rules over accrediting bodies limit innovation within the industry.
By Shalina Chatlani • July 30, 2018 -
Federal court blocks ED from earnings analysis of defrauded for-profit students
More testimony to come in the case that will likely set a new precedent for student loan forgiveness standards.
By Jarrett Carter • May 29, 2018 -
Pearson
The quick rise and equally sudden fall of a college alternative
MissionU ends one-year-old credentialing program, purchased by workspace sharing startup.
By Jarrett Carter • May 24, 2018 -
Another alternative revenue model for higher ed?
Universities are working with a for-profit coding bootcamp provider to bring credentialing opportunities and new revenues to their campuses.
By Jarrett Carter • May 21, 2018 -
For-profit promises students certification and job in one year
MissouriU attracted more than 10,000 applications — including academic stars — for 50 slots since launching last fall.
By Jarrett Carter • May 15, 2018 -
Getty Images
DeVos considers reinstatement of for-profit accrediting body
The organization once targeted as a primary culprit for millions of students being saddled with billions in debt and low job prospects may get a reprieve from the U.S. Secretary of Education.
By Jarrett Carter • May 3, 2018 -
Linda Jacobson
'Lots of models for undergrad' are necessary to meet demands of today's learners
Speakers on an ASU+GSV Summit panel agreed that most students, regardless of their age, need some support in order to be successful.
By Linda Jacobson • April 19, 2018 -
For-profits receiving funds from NY tuition assistance program under scrutiny
Educational watchdog groups say that more oversight of the state's student support program is needed before for-profits receive millions every year.
By Jarrett Carter • April 11, 2018 -
Ashford poised for merger, reclassification as nonprofit
Two large institutions eye a merger to join the growing movement of for-profits seeking nonprofit status and the financial benefits that were nearly lost under the Obama administration.
By Jarrett Carter • March 16, 2018
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