The Consumer Financial Protection Bureau’s Holly Petraeus goes on the attack, saying a federal rule encourages for-profit colleges to exploit veterans. Federal aid can make up no more than 90 percent of a for-profit college's revenue. But veterans' benefits don't count. In testimony before the Senate Homeland Security and Governmental Affairs Committee, Petraeus will say the rule gives "some for-profit colleges an incentive to see servicemembers as nothing more than dollar signs in uniform and to use some very unscrupulous marketing techniques.”
House Education Committee Chairman Rep. John Kline, who saw a dramatic upsurge in campaign contributions from for-profit colleges in recent months, is pushing legislation that would help the industry preserve its access to federal student loans.
Ann Arbor's University of Phoenix campus is in the process of shuttering and is not accepting new students, although the closing will likely take at least a year, according to a school official.
It's a good time to be an investor in the NASDAQ-traded company with the ticker symbol LOPE. As of Friday its share price had risen more than 48 percent this calendar year, and more than 80 percent over the past 12 months. In its first quarter earnings call held May 7, a Deutsche Bank analyst asked the company's CEO how a recent initiative might affect its marketing strategy going forward.
It sure seems ironic that the Pac-12 Conference and Arizona State President Michael Crow are targeting Grand Canyon University’s move to NCAA Division I status.
The shuttering of Ivy Bridge College could dump cold water on the online aspirations of some colleges, particularly ones that prefer to play it safe with their regional accreditor.
President Obama announced on Wednesday his nomination of France A. Córdova, a former president of Purdue University, to serve as the new director of the National Science Foundation.
The Thunderbird School of Global Management, based in Arizona, announced in March its pending partnership with Laureate Education Inc. Several board members have since resigned, and alumni are protesting the alliance.
Detroit's bankruptcy filing last week and the decades of decline that preceded it have been a predictable political and historical Rorschach test. The right blames the city's demise on moral failures and weak character -- the banana-republic-caliber corruption and fiscal fecklessness of its politicians, the greed of its unions, the spinelessness of automobile executives who gave into them. To the left -- more inclined to see history as the product of "great forces" than "great men" (or terrible ones) -- the Motor City was swamped by powerful tides: racism, sprawl, and unbridled capitalism.
Career Education Corp. has begun one of higher education’s broadest experiments with adaptive learning. Institutions in the for-profit chain have powered more than 300 online course sections with the emerging technology, and enrollments in those courses have topped 11,000 students.
After dismissing claims that Kaplan University defrauded the government, a federal judge expedited briefing for Kaplan's accuser to abate that final judgment.
Strong and growing support from Arizonans helped push revenue sharply higher for Grand Canyon University’s parent company during the second quarter, the company reported Tuesday.
Forty-four percent of for-profit private institutions have higher rates of students who default on loans than students who actually graduate college, a new report shows.
When FRONTLINE viewers last saw Sgt. Chris Pantzke, he was struggling to deal with the fallout from signing up for courses at a for-profit college that he couldn’t complete.
The federal government should have no role in trying to make college affordable, Rep. Virginia Foxx (R-N.C.) said, backing legislation that would prevent the Obama administration from enforcing new rules on for-profit colleges.