The shuttering of Ivy Bridge College could dump cold water on the online aspirations of some colleges, particularly ones that prefer to play it safe with their regional accreditor.
The Thunderbird School of Global Management, based in Arizona, announced in March its pending partnership with Laureate Education Inc. Several board members have since resigned, and alumni are protesting the alliance.
Names of the stakeholders chosen to rewrite the controversial “gainful employment” regulation beginning in September are starting to slip out. Some are prominent critics of the sector, indicating the Obama administration isn’t backing off from tightening regulations on vocational programs despite a court challenge to its last attempt.
Over the past ten years, I have watched a smattering of “for profit colleges” do just that – make money. Sadly, these “for profit” entities are raking in so much money while offering some of the worst educational outcomes to America’s most vulnerable students.
Private education stocks climbed on Thursday, led by share of Apollo Group Inc. (NYSE: APOL). DeVry, Inc. (NYSE: DV) ITT Educational Services Inc. (NYSE: ESI) and Corinthian Colleges Inc. (NYSE: COCO) also moved higher.
Jennifer Kerr took a mighty leap of faith when she sued a for-profit college for misrep resenting what kind of degree she'd be earning and its value to her future. Her con tract with Vatterott Educational Centers Inc. had a provision that, should she sue and lose, Kerr would be responsible for Vatterott's legal costs.
Students served by for-profit colleges have been termed the “neediest” by USA Today. Or, as Dr. Tim Gramling explained in his SAGE Open article on the topic, “for-profits largely serve adult students who are not recent high school graduates but who still need a college degree.”
For-profit colleges like the University of Phoenix, whose tuition generally falls between state institutions and private not-for-profit universities, were the first to offer large online degree programs. But for-profit enrollment has declined because of the recession, increased government scrutiny and Congressional hearings finding that their students had low graduation rates and high loan default rates. And with so many traditional institutions now offering online degrees, the for-profit colleges may have a tougher time attracting students.
Woodbury-based Globe University must pay a former dean almost $400,000 in damages, a jury in her Washington County District Court whistleblower trial found Thursday.
Heitkamp, a member of the U.S. Senate Committee on Banking, Housing & Urban Affairs, said she is also concerned about the high percentage of student debt that is privately financed, and that about 47 percent of defaults on student loans come from students of for-profit institutions