New York City's comptroller, John C. Liu, and the city's pension funds this week announced that they have filed shareholder proposals calling on DeVry University and Career Education Corp. to disclose data on student borrowing that is roughly the equivalent of what would have been required under the now-stalled federal "gainful employment" regulations.
John C. Liu, comptroller of the City of New York, on Thursday called on two of the largest for-profit colleges to disclose data on their students’ loan-repayment rates and debt-to-income ratios, saying that he had submitted a shareholder proposal asking their parent companies to do so.
The higher-education company DeVry Inc. is facing inquiries from the offices of the attorneys general of Illinois and Massachusetts, according to a corporate filing with the U.S. Securities and Exchange Commission.
For the last three years, the senator has been in the spotlight for investigating for-profit colleges. In what Republicans denounced as a partisan witch hunt, he found that for-profit universities and colleges were receiving a growing share of federal student aid but spending much of the money on marketing and aggressive (sometimes fraudulent) recruiting, while students were taking on excessive debt, quickly dropping out and, all too often, landing in default.
SEIU joined with a large coalition of progressive groups calling on President Obama to reinforce the "gainful employment" requirement for career educational programs, specifically for-profit colleges and universities. SEIU was joined by the Iraq and Afghanistan Veterans of America, the United States Student Association, the NAACP, and dozens of other organizations in sending a letter to the President on Monday.
Downers Grove-based DeVry Inc., operator of private colleges and training schools, said in an SEC filing that its practices are being investigated by the attorneys general in Illinois and Massachusetts.
US policymakers should not overlook the positive aspects of for-profit colleges, a study has argued. The report from the Manhattan Institute for Policy Research, a right- leaning thinktank based in New York, says that politicians - and journalists - are too quick to highlight for-profits’ poor graduation levels, higher loan default rates and patchy graduate employment record, while overlooking their strengths.
In my first column I mentioned my decision to join other colleagues in higher education who have taken the risk to cross sectors from traditional higher education to for-profit. A reader picked up on me using the term “risk” and asked if I would expand on that.
Bridgeport Education (NYSE:BPI) is a holding company that operates for-profit colleges Ashford University and University of the Rockies with both live and online classes. Though the company has seen criticism for its recruiting practices, it remains profitable.
For-profit colleges expand access to higher education for some students who might not otherwise attend college, but the payoff can be meager. In fact, graduates of for-profit colleges' two-year programs earn about the same as those who ...
Instead, the Albuquerque resident got a mountain of debt and a minimum wage job after the for-profit school she attended folded without warning and locked her out with one class remaining in her certificate program.
Napoleon Melton Jr., 30, never imagined he would receive a degree from a for-profit university. From his senior year in high school on, he had daydreamed about earning an MBA from a traditional program.
La Cámara de Diputados de Chile aprobó hoy una acusación constitucional contra el ministro de Educación, Harald Beyer, a quién la oposición señaló de no haber fiscalizado el lucro en las universidades privadas y de faltas a la probidad.
Se dice que en la U. del Mar los propietarios sacaban el lucro mediante sociedades fraudulentas; las cosas fueron peores y en ellas participo el senador y autoproclamado candidato presidencial José Antonio Gómez.
Las instituciones agrupadas en el Movimiento de Estudiantes de Educación Superior Privada (Mesup) pidieron marchar por la alameda en dirección al Mineduc para dejar una carta dirigida a la ministra Carolina Schmidt. La Intendencia rechazó el recorrido.
La bancada de diputados del PPD dijo que la nueva ministra de Educación, Carolina Schmidt, debe "escuchar las demandas ciudadanas para hacer las reformas que hacen falta" y "debe centrar su agenda poniendo especial énfasis en darle un fin efectivo al lucro en las universidades privadas".
En la inauguración del año académico, el rector Víctor Pérez señaló que se debe regular "el tráfico de información, influencias y dineros" que protege las universidades privadas nuevas que están siendo investigadas.
Brazilian educational company Kroton Educacional SA (KROT3.BR) and Anhanguera Educacional Participacoes SA (AEDU3.BR) on Monday said they agreed to merge their operations, creating the country's largest educational company.