On Tuesday, Gov. Rick Scott's offices sent out a news release that declared, "Gov. Scott Announces Anthem Education Expansion in Fort Lauderdale, 70 New Jobs."
The for-profit education industry is becoming a contrarian hotbed after the Department of Education's initial round of rule-making for the industry was not as strict as many investors had anticipated. However, the companies' reliance on Title IV funding is sure to sink them in the long run.
But in Augusta, it’s the for-profit private schools that are raking in taxpayer dollars, charging a tuition that in some cases is five times higher than the area’s larger public universities and colleges.
Small cap for-profit education stock Career Education Corp. (CECO) has one big advantage over both public and private schools plus it may have made a key reversal on the charts.
Alumni of the Thunderbird School of Global Management are protesting plans for the nonprofit business school to create a joint venture with for-profit Laureate Education.
Consumers Union, the policy and advocacy arm of Consumer Reports, urged the Department of Education today to strengthen oversight of for-profit colleges at a field hearing held in San Francisco by the federal agency to explore topics for future rulemaking.
The U.S. Department of Education is now engaged in a series of public hearings on higher education issues, including reforms to curb the abuses of predatory for-profit colleges. It is also accepting written comments from the public.
The biggest drops occurred among adult learners attending for-profit colleges and public community colleges, which are most likely to enroll students in vocation-oriented classes tied to the local job market. Enrollments at those institutions fell 8.7 percent and 3.6 percent respectively.