The U.S. Department of Justice is investigating Bridgepoint Education Inc. over the compensation of admissions staff members, the company announced Monday in a corporate filing. The for-profit is also facing a serious accreditation challenge for its Ashford University, which is scrambling to retain regional accreditation.
Dozens of private colleges across the country are trying similar cuts. Higher education experts say that could signal a change in how colleges set prices and disburse financial aid.
Although private non-profit colleges and universities have a long and distinguished history throughout the world, what has come to be known as ‘for-profit higher education’ is a relative newcomer.
Regent University, a private, nonprofit school in Virginia, said in a statement it will reduce tuition for its MBA program by 24 percent and online undergraduate by 20 percent. Tuition for several other programs will receive smaller cuts.
Private medical college business has become the easiest way to make money. These institutions running without required faculty or training facilities are recovering millions of rupees from parents in the name of medical education but producing half-backed doctors, not educated or trained as per the needs of market, said senior healthcare expert and ex-member of Pakistan Medical and Dental Council Dr Shershah Syed here Thursday.
Last year, leading lights in for-profit and nonprofit higher education convened in Washington for a conference on private-sector innovation in the industry. The national conversation about dysfunction and disruption in higher education was just heating up, and panelists from start-ups, banking, government, and education waxed enthusiastic about the ways that a traditional college education could be torn down and rebuilt—and about how lots of money could be made along the way.
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.
While a handful of elite private institutions -- mostly liberal arts colleges -- with no shortage of demand and strong financial positions recently made headlines by announcing tuition freezes or increases close to or at inflation for the 2012-13 academic year, some of the most selective private universities are increasing their sticker price by almost 5 percent, which for many is the largest increase since the 2008 recession began.
A new study has revealed that UAE Nationals aged between 18 and 30 are split down the middle when choosing to pursue higher education in either a private or a federal university.
Private universities are opposed to a proposal to scrap the 8-4-4- system as recommended by the task force on the re-alignment of the education sector.
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).
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.