China's National People's Congress approved a new law in December 2002 that promotes Chinese private education development, including at the higher education level. It gives private institutions privileges and favorable policies enjoyed by their public counterparts, including tax and other financial benefits.
India's Supreme Court has ordered each state to review private institutions' tuition to forbid "profiteering." The Court's ruling mainly results from the for-profit orientation of many Indian private institutions-and their questionable quality. The fast private growth of Indian higher education due to the increasing demand for access has resulted in the sale of seats in many private institutions.
The U.S. Education Corporation, a company formed by two private investment groups in 2002 with the goal of acquiring and operating for-profit colleges, has bought a 3,800-student college...
Vatterott College, a Missouri-based company that operates 16 campuses in eight Midwestern states, has been sold to a private equity group that also owns the Lionel model-train company...
Companies whose focus is investing in privately held businesses have cut back sharply on their investment in for-profit distance education, for-profit colleges, and other college-related...
For-profit colleges increasingly use arbitration agreements to prevent lawsuitsAs a divorced mother of two receiving little child support, 38-year-old Diana Michery was eager to find a good-paying...