For-Profit
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2U CEO steps down
Paul Lalljie served in the role for less than a year, taking over at a time of pressure and leading the company through bankruptcy.
By Ben Unglesbee • Oct. 4, 2024 -
Reptile8488/iStock via Getty Images
How 2U’s bankruptcy shed light on the company and OPM market
During the Chapter 11 process, the online program manager’s filings have shown the changes in its business trajectory over the course of the pandemic.
By Ben Unglesbee • Aug. 2, 2024 -
Maddie Meyer / Staff via Getty Images
2U looks to pay $20.8M it owes to university clients during bankruptcy
Keeping its relationships on solid footing is critical to the company’s success during the Chapter 11 process and beyond, it said in court filings.
By Ben Unglesbee • July 30, 2024 -
Courtesy of 2U
2U looks to shed leases for office space amid bankruptcy
The online program management company said it already exited most of the office space after the coronavirus pandemic.
By Ben Unglesbee • July 29, 2024 -
Courtesy of 2U
Deep Dive
A look at 2U’s path to bankruptcy
The company bet big on online education during the pandemic by purchasing edX, but the gamble didn’t pay off as the health crisis eased.
By Ben Unglesbee • July 26, 2024 -
Courtesy of 2U
2U files for bankruptcy
The online program manager entered Chapter 11 with an agreement with lenders and bondholders that would halve its debt and provide new capital.
By Ben Unglesbee • Updated July 25, 2024 -
VisualArtStudio via Getty Images
Florida for-profit City College to close
The healthcare career-focused institution’s decision to shutter after 40 years reportedly came as a shock to students.
By Ben Unglesbee • July 19, 2024 -
meanmachine77 via Getty Images
For-profit Northwestern College closes abruptly
The 122-year-old Illinois institution had faced scrutiny from its accreditor, including over concerns about its financial health.
By Ben Unglesbee • July 8, 2024 -
Retrieved from Pittsburgh Technical College on June 10, 2024
Pittsburgh Technical in ‘imminent’ danger of closing, MSCHE says
The notice came just days after Triangle Tech, a for-profit trade college in the area, announced it would shut down.
By Ben Unglesbee • June 10, 2024 -
Courtesy of 2U
Financially struggling 2U adds 6 new programs to Pepperdine University partnership
The online program manager has lost significant chunks of potential revenue as some of its other university clients scale back their ties with the company.
By Ben Unglesbee • May 17, 2024 -
Rex_Wholster via Getty Images
Federal court blocks borrower defense rules, says legal challenge will likely succeed
An appellate panel wrote that the regulations upend decades of regulatory practice. But one student advocate called the ruling “exactly backwards.”
By Ben Unglesbee • April 8, 2024 -
Shalina Chatlani
Gainful employment reporting delayed amid political pressure
The Education Department will give colleges more time to gather data in light of the fraught financial aid cycle.
By Ben Unglesbee • April 1, 2024 -
For-profit owner agrees to dismiss CEO, CFO as part of Education Department settlement
The agreement stems from accusations that International Education Corp.’s colleges violated federal student aid regulations.
By Natalie Schwartz • Feb. 8, 2024 -
Inna Reznik/iStock via Getty Images
Florida Career College to close all campuses by mid-February
The for-profit institution is shuttering after the U.S. Department of Education moved to strip its access to federal financial aid.
By Lilah Burke • Jan. 26, 2024 -
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Inside the FTC’s lawsuit against Grand Canyon University
The federal agency has accused the university of misrepresenting itself as a nonprofit and misleading students about its doctoral program costs.
By Natalie Schwartz • Jan. 3, 2024 -
Courtesy of Coursera Press Kit
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 -
Scott Olson via Getty Images
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 -
skynesher via Getty Images
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 -
meanmachine77 via Getty Images
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 -
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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 -
Pekic via Getty Images
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
