Despite efforts to stave off financial troubles, New Hampshire's Notre Dame College will close at the end of the academic year, a victim of falling enrollment. The Board of Trustees of the Roman...
All sectors of higher education -- and especially private colleges -- will face economic hardships in the next year and a half, says a new report from Moody's Investors Service.
Daniel Fischel has resigned as dean of the University of Chicago law school in the midst of a controversy over his romantic relationship with an associate dean.
A federal appeals court on Monday reinstated a federal False Claims Act lawsuit brought against ITT Educational Services, Inc. by a former enrollment official. A federal judge in Indiana dismissed the suit against the for-profit higher education provider last year, saying the court did not have jurisdiction because the plaintiffs in the case were not the original source of the allegations against the company, as is required under the false claims law. The court also slapped the plaintiffs with nearly $400,000 in fines for having brought, in the judge's words, a "frivolous" lawsuit.
The second try was the trick for Ashford University, which earned its regional accreditation from the Western Association of Schools and Colleges after being rejected one year ago.
Apollo Group (APOL), the for-profit education stock behind the University of Phoenix, made waves yesterday by announcing that Phoenix’s accreditation was reaffirmed through the 2022–23 academic year.
The owner of the US’ biggest for-profit university fears it could face reputational and financial damage from an accreditation dispute that is already being used by a British union to attack the UK’s leading for- profit college.
After the market closed Monday Apollo group released news that its University of Phoenix's accreditation had been "reaffirmed" for 10 years by the Higher Learning Commission, which grants accreditation to colleges.
The Thunderbird School of Global Management’s new joint venture with for-profit Laureate Education Inc. provides a $13 million cash investment to the Glendale business school and includes a $52 million sale-leaseback deal for its campus, according to the Wall Street Journal.
Chancellor University, a for-profit college based in Seven Hills, Ohio, that once faced extinction when it was known as the nonprofit Myers University, announced on Monday that it would close, according to The Plain Dealer of Cleveland.
If you want to be a White House intern, it helps to go to private school, preferably Ivy League, or have done something to help President Obama get re-elected.
Marc Bousquet, who blogs for The Chronicle of Higher Education, worries in his latest post that the harsh federal spotlight currently illuminating the excesses of for-profit colleges is missing similar problems at nonprofit institutions.
Especially alarming were the numbers for two-year and for-profit colleges, with 40 percent of students who borrowed loans to attend for-profit institutions defaulting since 1995. This data comes just when for-profit colleges are being subjected to federal scrutiny in part because of the amount of federal financial aid they draw and the amount they spend on expenses other than teaching. “While for-profits educate less than 10 percent of students, those colleges’ students received close to a quarter of Pell Grant and federal-student-loan dollars in 2008,” according to the Chronicle article.
Will any of the Capital Region's private institutions of higher learning get a share of 3 million square feet of tax-free space created by Gov. Andrew Cuomo's START-UP NY initiative?
Berea College was once again America's least expensive private college or university in the 2011-2012 academic year, according to U.S. Department of Education.
For many private colleges in the Northeast at least, changing demographics have compelled them to focus on new groups of potential students to starve off decline. First Generation Students (FGS) seem to many of these college's as magic bullets of sorts. If only they could attract FGS in enough numbers, keep them enrolled, maybe their financial woes would be solved. Now, many schools seek these students out for noble causes, for all the right reasons, and try to serve them well. But, still research shows that retaining these students is still a challenge.
A federal judge has granted class action status to a lawsuit charging that TIAA-CREF wrongfully retained investment income from the accounts of instructors at private colleges and universities around the country.
Felix Salmon, in his opinion piece, “Universities shouldn’t be tax exempt,” buries Cooper Union for the $18 million of “tax equivalency payments” it receives annually from a small square of land it owns underneath the iconic Chrysler Building in midtown Manhattan—money, Salmon says, that “would normally flow to New York City in the form of property taxes, but instead gets diverted to Cooper Union for its own uses.”
A. Okulicz-Kozaryn. Journal of Happiness Studies, 12 (2):
225-243(2011)First published online: February 11, 2010, http://dx.doi.org/10.1007/s10902-010-9188-8. (Eurobarometer).