Adding to its commitment to the American retail industry as a vital sector of the country's economy, University of Phoenix, one of the nation's largest private universities, and Stein Mart today announced a new scholarship program for employees of the nationwide retailer.
Once the hottest things in higher education, private, for-profit colleges and universities have suddenly found themselves on the business equivalent of academic probation.
Economic stagnation and high youth unemployment in developed countries have contributed to emerging concerns over whether traditional models of higher education are capable of producing employable graduates, the International Finance Corporation's 6th International Private Education Conference heard in San Francisco this month.
Aggressive recruiters, toll-free numbers and late-night TV commercials mark some of the tactics used by fraudulent for-profit schools that Attorney General Martha Coakley said her office is investigating.
IN his 2011 TED talk, Gene Wade thus shared his vision of an ultra low-cost college degree for working adults. As of today, he has raised $42 million in venture capital for his new company, UniversityNow, and its two for-profit universities, Patten and New Charter. The first students started in the spring. Around the same time, Forbes magazine named Mr. Wade the most disruptive figure in education.
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.