A trade group has filed suit in federal court to block a series of U.S. Department of Education rules that would increase regulatory scrutiny over segments of higher education.
Data released by the Department of Education today show that while the official loan-default rate for students of for-profit colleges who entered repayment in 2008 was 11.6 percent, the rate would be more than double that, or 25 percent, under a stricter measurement standard that begins to take effect next year.
About one-quarter of students who took out federal loans to attend for-profit colleges defaulted within three years of starting repayment, according to a new federal analysis.
Newly-released internal training documents from several for-profit colleges illustrate a culture that encourages recruiters to increase enrollment by focusing on emotions such as "pain" and "fear" to attract low-income students who are struggling with adverse personal and financial circumstances.
It has been a rough stretch in Washington for for-profit higher education. The Obama administration has fought to tighten regulations linking student aid to graduates’ “gainful employment” prospects. Consumer advocacy groups have spotlighted the debt load that often comes unaccompanied by diplomas. Hollister Petraeus, the wife of David Patraeus, has been leading a crusade against for-profit schools that pursue veterans (and their lucrative G.I. benefits).
With private student loans harder to come by, for-profit colleges are making more loans to their students, even while acknowledging that many of the loans will go into default, according to a report released on Monday by the National Consumer Law Center, an advocacy group for borrowers.
Senior academics in the UCU lecturers' union have said they fear expansion of for-profit universities could damage the reputation of higher education in the UK
A growing number of Brazilians are willing to pay to get an education, and for-profit schools, both local and international, are rushing to oblige them.
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