In legislation that Republican Congressional leaders introduced in May to extend the law that governs most federal-student aid programs, for-profit colleges came out on top.
Rosemir Soares always wanted to go to university but could never afford the fees. Then she discovered Prouni, a scholarship program of the Brazilian government that has guaranteed a college education for more than one million low-income students since it began, in 2005.
For-profit higher education has continued to grow at a pace that once seemed unsustainable, thanks to an influx of capital, a favorable regulatory climate, and the industry's own nimble reaction to the changing demands of students.
The Education Department of the State of New York is clamping down on a fast-growing for-profit college that specializes in recruiting financially needy students who haven't graduated from high school.
Apollo Group, the company that built the University of Phoenix into the largest university in the United States by catering to working adults, is now moving to serve younger college students.
In the two months since federal agents brandishing search warrants and grand-jury subpoenas swarmed ITT Educational Services' Indianapolis headquarters and 10 of its campuses, anxieties have been running high in for-profit higher education.
The Institute for Higher Education Policy has devised a new classification system to measure the performance and characteristics of for-profit colleges and universities.
TAMPA, Fla. -- For-profit colleges are booming. But a new fight between these upstarts and the education establishment raises a key question: How much are degrees from for-profits really worth?
A watchdog official at the U.S. Education Department last week urged lawmakers to "go slowly" on proposed legislation that would relax some rules that for-profit colleges must follow to participate in federal student-aid programs.
Laureate Education Inc, a for-profit higher education provider that boasts former U.S. President Bill Clinton as honorary chancellor, is planning to launch an initial public offering, according to people familiar with the matter.
Since former Congressman Steve Gunderson (R-WI) was named in January as the new head of the largest for-profit college association, APSCU, there has been talk that he might take a “kinder, gentler” approach to leading the troubled industry, which has pursued a take-no-prisoners lobbying approach in Washington.
The head of Britain's first for-profit university college was paid £738,000 ($1,177,000) in one year, while the co-chief executive officer of the firm’s U.S. owner has a long-term pay deal valued at £15.8 million ($25.2 million).
The parent company of the University of Phoenix announced Tuesday that it is laying off 500 workers around the country as it faces declining enrollment and transitions to more online-only courses.
A 34,000-student university in Chile affiliated with Laureate Education, Inc. has received notification from the National Accreditation Commission that its institutional accreditation will not be renewed at the end of its current three-year term. The Universidad de las Américas plans to appeal the decision, which -- if it stands – would mean that new students would be ineligible for government loans or grants.
Ernesto Perez has resigned as president and chief executive officer of Dade Medical College, a for-profit institution in Florida, less than a week after prosecutors charged him with perjury and providing false information through a sworn statement, according to reports by The Miami Herald and the South Florida Business Journal.
The for-profit college industry is under pressure. Many of its biggest companies are being investigated by federal agencies and state attorneys general for fraud and misrepresentation -- deceiving students, regulators, and investors about job placement rates, costs and quality of programs, transferability of credits, and other matters. Enrollments are down, and share prices have been falling.
The Association of Private Sector Colleges and Universities, or APSCU, is the Washington, D.C.-based lobbying group for America's for-profit colleges. APSCU has opposed a wide range of reasonable efforts by the Obama administration and members of Congress to hold bad actors in its industry accountable for waste, fraud, and abuse with the roughly $32 billion a year in federal tax dollars they receive.
As we move from a federal budget crisis towards a federal debt crisis, ways to reign in student debt will almost certainly be on the table. The US government spends about $5.5 billion subsidizing student loans each year, depending on who you ask. It's a rather elusive figure. Student debt, more so than other forms of debt, is particularly complicated for many reasons.
For those of you who are not familiar with Corinthian Colleges (COCO), it's a for-profit company that provides post-secondary education services. It's most well known brand is Everest Colleges, but it has other institutions such as WyoTech and Heald College.
Grand Canyon University was bustling with activity on the second day of classes last week, with an on-campus student population now approaching 8,500, new dormitories and an athletic program ready to launch its first year in NCAA Division I as a member of the Western Athletic Conference.
The regulation of for-profit higher education is a hot topic once again, thanks in part to a second round of negotiations over gainful employment rules, which begin today,
Kentucky Attorney General Jack Conway said this week his office is in the process of going over documents provided by a for-profit college, in response to a subpoena.
Education firms Anhanguera Educacional Participacoes SA and Kroton Educacional SA were added to Brazil's benchmark Ibovespa stock index for the period between Sept. 2 of this year and Jan. 3, 2014, exchange operator BM&FBovespa said on Monday.
Heitkamp, a member of the U.S. Senate Committee on Banking, Housing & Urban Affairs, said she is also concerned about the high percentage of student debt that is privately financed, and that about 47 percent of defaults on student loans come from students of for-profit institutions
Students attending for-profit colleges are more likely to take out student loans than those who attend any other type of institution, according to new data released Monday by the Department of Education.
The final result is a toss-up in a study comparing how for-profit and nonprofit colleges stack up in job market returns of their certificates and associate degrees. That finding is a big shift from the unflattering conclusion about for-profits reached in an earlier version of the paper.
Kaplan’s fortunes are looking up. The education company no longer has to pick up the slack for The Washington Post, the venerable newspaper and loss leader that Kaplan’s corporate owner, the Washington Post Co., just sold off.
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.
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.
On the same day two of the state’s largest universities were coming together, tiny Dover Business College was merging with Berkeley College in a marriage of two of New Jersey’s for-profit schools.
Tucked into a defense-spending bill that the Senate Appropriations Committee approved on Thursday are a pair of provisions that would bar colleges from...
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.
The debate over for-profit higher education is heating up again. And while much of the criticism revived here by Democratic politicians is unlikely to lead to policy changes, at least some action appears likely in two areas in coming months.
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
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.
The Obama administration has resumed efforts to rein in abuses by for-profit colleges that leave students deep in debt and unable to find decent jobs, renewing a 2-year-old battle over regulations that has produced little more than bitterness and litigation.
Apollo Group Inc., owner of the University of Phoenix and the biggest U.S. for-profit college, said net income in the fiscal third quarter slid 40 percent as new enrollment tumbled.
In its first year of operation, Lansbridge University is fending off critics who say that, as a for-profit institution, it doesn't deserve grants from the Canadian government.
Mitch Daniels is agnostic on the various delivery modes of higher education or the tax status of colleges offering them, as long as students are getting a quality education at an appropriate price.
The main trade association of for-profit colleges, APSCU, seems to exist for the purpose of protecting the worst, most abusive, most predatory conduct by its member companies. Why else would the association, once again last week, attack the U.S. Department of Education for seeking to implement a law that simply requires career colleges that receive federal aid to actually train students to earn a living? Why else would it send its CEO to offer wholly incredible comments before a Senate committee? And what was General Wesley Clark doing speaking at APSCU's annual convention?
Southern New Hampshire University is probably the fastest-growing nonprofit institution in the country, driven by the expansion of our longstanding online program. When it comes to large-scale online programs, for-profit colleges dominate the list, which includes only a handful of national nonprofit players.
A California regulatory agency has threatened to withdraw the Brooks Institute of Photography's approval to operate unless the institute's parent company, the Career Education Corporation...