For-Profit
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Unpacking 3 major trends in ed tech and for-profit education
CEOs of major companies recently told investors how they fared in their most recent financial quarters, offering insight into the broader higher ed sector.
By Natalie Schwartz • Nov. 16, 2023 -
Grand Canyon University plans to appeal $37.7M fine
The institution said it intends to notify the Education Department on Thursday that it is appealing the decision.
By Natalie Schwartz • Nov. 15, 2023 -
Education Department temporarily blocked from seeking $23M recoupment from DeVry
An administrative law judge cited a legal challenge against the agency’s newest regulations over the borrower defense program.
By Natalie Schwartz • Updated Nov. 6, 2023 -
"Grand Canyon University" by davidpinter is licensed under CC BY 3.0
Grand Canyon University fined $37.7M over accusations of cost misrepresentations
An Education Department investigation alleges the Christian institution falsely advertised doctoral program costs to over 7,500 students.
By Natalie Schwartz • Oct. 31, 2023 -
For-profit Sollers College settles for $4.6M over alleged illegal loans and recruiting
The FTC and other government agencies accused the New Jersey institution of deceitful advertising and offering improper income-share agreements.
By Jeremy Bauer-Wolf • Oct. 19, 2023 -
Education Department issues ‘landmark’ final rule to protect students in career education programs
The highly anticipated gainful employment regulation requires for-profit institutions to pass debt-to-earnings tests to access federal aid.
By Jeremy Bauer-Wolf • Sept. 27, 2023 -
Art Institutes to close all remaining colleges
The abrupt announcement brings an end to a career college chain that has struggled financially over the past decade.
By Natalie Schwartz • Sept. 25, 2023 -
Sweet v. Cardona borrowers face another hurdle, legal group says
A major federal student loan servicer has incorrectly notified class members that they will soon have to make payments, according to their lawyers.
By Natalie Schwartz • Sept. 21, 2023 -
Feds cancel $37M in loans for former University of Phoenix students
The Education Department said it will try to recoup discharge costs from the for-profit college’s owners.
By Jeremy Bauer-Wolf • Sept. 20, 2023 -
Gainful employment plan could lead to more loans fully repaid
A new analysis from Urban Institute researchers digs into how the regulatory plan would impact borrowers in income-driven repayment plans.
By Laura Spitalniak • July 28, 2023 -
Education Department cancels $130M in student loans for attendees of shuttered CollegeAmerica
This will benefit about 7,400 students who agency officials said were misled by the institution’s parent company, the Center for Excellence in Higher Education.
By Jeremy Bauer-Wolf • July 25, 2023 -
Retrieved from Fox61 on March 24, 2023
Connecticut attorney general sues closed for-profit college Stone Academy
William Tong alleges the nursing school and its owner, Joseph Bierbaum, violated state consumer protection law.
By Jeremy Bauer-Wolf • July 17, 2023 -
Idaho education board backs closed door discussion over University of Phoenix acquisition
In standing by their decision to hold a private meeting, the board members set the stage for a legal battle with the state’s attorney general.
By Natalie Schwartz • July 11, 2023 -
DeVry asks court to block Education Department from recovering $23M in discharged loans
The agency is seeking the money under the borrower defense to repayment regulations, which forgive debts for students who were misled by their colleges.
By Natalie Schwartz • July 6, 2023 -
For-profit Hussian College abruptly shuts down
The institution, which has not publicized the closure, has campuses in four states, as well as online programs.
By Jeremy Bauer-Wolf • June 23, 2023 -
Deep Dive
Is University of Idaho’s acquisition of University of Phoenix a good idea?
Higher education experts warn that the public institution’s leaders will have to contend with the for-profit’s checkered past and take on unknown liabilities.
By Natalie Schwartz • May 22, 2023 -
2U’s first quarter revenue down 6% from prior year
The company significantly reduced its spending over the same period.
By Laura Spitalniak • Updated April 27, 2023 -
Retrieved from Fox61 on March 24, 2023
A Connecticut for-profit nursing college shut down abruptly. Now it’s facing two state investigations.
Stone Academy closed down all of its campuses last month, leaving students who want to finish their education in the lurch.
By Jeremy Bauer-Wolf • March 27, 2023 -
The image by Farragutful is licensed under CC BY-SA 4.0
Education Department shares plans to make for-profit executives responsible for colleges’ liabilities
Officials describe new guidance as protecting taxpayer dollars and heading off risky behavior, but for-profits argue the move will limit student choice.
By Rick Seltzer • March 2, 2023 -
Embattled for-profit ASA College closes without teach-out plan
Accreditor Middle States Commission on Higher Education said ASA rejected plans to have students transfer to several colleges over compliance issues.
By Natalie Schwartz • Feb. 24, 2023 -
Opinion
DeLauro: For-profit online program management companies are the new predators in higher education
The ranking member of the House Appropriations Committee calls for an end to OPM tuition sharing based on enrollment.
By Rosa DeLauro • Jan. 31, 2023 -
The year’s biggest higher ed stories — so far
These topics have resonated most with our readers so far in 2022.
By Higher Ed Dive Staff • Dec. 5, 2022 -
For-profit Pittsburgh Career Institute closes suddenly, citing ACICS shutdown
The institution said the Education Department’s decision to pull its accreditor’s recognition led to its demise.
By Jeremy Bauer-Wolf • Nov. 23, 2022 -
Education Department releases final rules on borrower defense to repayment, closed school discharge
New regulations set to take effect July 1 are an effort to hold colleges accountable while supporting students, officials say.
By Rick Seltzer • Oct. 31, 2022 -
How a boot camp sold ISAs and ended up filing for bankruptcy protection
Prehired faces a glut of state investigations. A critic says the case could indicate larger problems for a vocational niche that had been booming.
By Lilah Burke • Oct. 21, 2022