Tags » For Profit Colleges

The Government is Forgiving Thousands of Student Loan Debts

More students who attended programs at Corinthian Colleges, a now-defunct for-profit education network, will be granted a reprieve on their student loan debt, according to a… 278 more words


Corinthian College's Misleading Job-Placement Info Could Result In Faster Debt Relief For Students

Thousands of students affected by the abrupt closure of for-profit college educator Corinthian Colleges’ Wyotech, Heald College and Everest University campuses could soon have more options when it comes to receiving debt relief after a joint investigation by the California Attorney General’s office and the Department of Education found additional evidence that the schools misrepresented job placement rates for several programs in order to enroll students.  375 more words

For-Profit College To Pay Record Sum to Settle Fraud Charges

In a victory for the Obama administration in its on-going crack-down against for-profit colleges, Education Management Corporation will pay $95.5 million to settle accusations that it paid employees based on how many students they enrolled and lied to the federal government about it. 480 more words


UPDATE: For-Profit Education Company EDMC Agrees To Pay $95.5M To Settle Fraud, Recruitment Violations

UPDATE: Education Management Corporation, the operator of for-profit college chains such as Brown Mackie College, Argosy University and the Art Institutes, will pay $95.5 million to settle claims it violated state and federal False Claims Act (FCA) provisions regarding its recruiting practices.  609 more words

Accrediting Organizations Under the Microscope

The US Department of Education announced today that it will be enacting new transparency measures for accreditation organizations. While they don’t currently have the legal right to actually determine how the accreditation process work, they are concerned with the large variety of methods for accrediting schools—especially since data shows that many accredited schools are actually the poorest performing schools in the country. 275 more words


Lawmakers Open Inquiry Into College Accreditation Agencies

One might assume that a college accreditation is an indicator the school has met high standards for education and financial security. But as the recent… 253 more words

Chairman Of University Of Phoenix Parent Company Dumps Millions Of Dollars In Stocks

Just a week after University of Phoenix’s parent company Apollo Education Group attempted to tone down the role the troubled for-profit college has played in the company’s falling stock prices and public image, new regulatory filings show the corporation’s own chairman may not have the same faith in the organization, as he dumped nearly $10 million in company stock.  544 more words