Laureate Education is big. Like 800,000 students attending 78 institutions in 30 countries big. Yet the privately held for-profit university system has largely remained out of the public eye.
The Obama administration is toughening its regulation of for-profit colleges in numerous straightforward ways, most notably and publicly by taking another shot (after a federal judge blocked the last one) at drafting rules requiring vocational programs to prove that they are preparing students for "gainful employment."
California Atty. Gen. Kamala D. Harris filed a lawsuit Thursday against Corinthian Colleges Inc. and its subsidiaries, accusing the company of false and predatory advertising, securities fraud and intentional misrepresentations to students.
A for-profit university misleads students about its accreditations, credit transfers, and the jobs and salaries they can expect upon graduation, a class claims.
One by one, the faces pop up on the computer screen. Some of the aspiring teachers hold coffee cups; others have their hair in ponytails or pushed into caps.
America’s for-profit colleges and universities are playing an increasingly important role in supplying higher education that meets workforce demands, a leader in the field said in Atlanta this week.
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.
Recent college students are defaulting on federal loans at the highest rate in nearly two decades, reflecting "crisis" levels of student debt and a lackluster economy that leaves graduates with bleak employment prospects.
After several years of startling revelations about its predatory abuses of students, the for-profit college industry faces growing skepticism from the public. Thousands of students across the country have complained that they were deceived by for-profit college recruiters about the cost of programs, the quality of programs, and the value of for-profit degrees in the job market.
More than a year after the U.S. Senate Committee on Health, Education, Labor and Pensions produced a shocking report on the manipulative and wasteful practices of the nation’s for-profit colleges, Congress has yet to take any meaningful action on the issue.
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.
It’s been a busy time for the education sector in the Brazilian stock market. In less than a week, two large groups of private universities have filed for initial public offerings, which together could raise as much as R$1.6 billion (US$730 million). But there’s more action than IPOs. This year, three mergers and acquisitions of major education companies also shook up the sector, which is making big bets on online distance learning.
California Attorney General Kamala Harris sued Corinthian Colleges Inc., the parent company of a chain of career-preparation colleges, in San Francisco Superior Court Thursday for alleged false advertising and marketing about its job placement rates.
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.
While the Internet is full of scams and misinformation, the evolution of the online for-profit college is becoming one of the more serious as gullible students are lured into the system with unfounded claims and promises.
Representative John Kline, Republican of Minnesota, chairs the House Education and the Workforce Committee. He also is a living symbol of the Republican Party's shameful loyalty to big for-profit colleges that have added to the corruption of U.S. politics, systematically ripped off taxpayers, and ruined the futures of countless students.
The motivating factor behind private companies venturing into online education is not to expand access to colleges and universities or reduce costs for schools and students, but rather a desire to make money. That's according to a report released by a national group of faculty leaders on Wednesday.
One of the types of institutions that has encountered public scrutiny in recent years is the for-profit higher education business model. These schools provide certificate and degree programs, with the majority of their student body often enrolled in associate’s degree programs.
It has been a busy time for the education sector in the Brazilian stock market. In less than a week, two large groups of private universities have filed for initial public offerings, or IPOs, which together could raise as much as R$1.6 billion (US$740 million). This year, three mergers and acquisitions of major education companies also shook up the sector, which is making big bets on online distance learning, writes Patricia Gomes for edSurge.