Kaplan’s fortunes are looking up. The education company no longer has to pick up the slack for The Washington Post, the venerable newspaper and loss leader that Kaplan’s corporate owner, the Washington Post Co., just sold off.
On the same day two of the state’s largest universities were coming together, tiny Dover Business College was merging with Berkeley College in a marriage of two of New Jersey’s for-profit schools.
Tucked into a defense-spending bill that the Senate Appropriations Committee approved on Thursday are a pair of provisions that would bar colleges from...
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
Students attending for-profit colleges are more likely to take out student loans than those who attend any other type of institution, according to new data released Monday by the Department of Education.
Kentucky Attorney General Jack Conway said this week his office is in the process of going over documents provided by a for-profit college, in response to a subpoena.
The cost of higher education as measured by private and public tuition has indeed risen at rates higher than inflation, roughly 4% per year for non-profit private tuition. And Obama is rightly focused on the middle class — incomes for upper income brackets have risen faster than the rate of tuition, so that for those groups the cost of tuition as a fraction of household income has actually come down.
ATI Career Training Center looked like dozens of other private career colleges that dot South Florida’s educational landscape. It offered hope of a new career, a path into prosperity, an escape from poverty.
Now, a group of schools known as "for-profit colleges" have come under fire for lying to students to get them in the door then sending them into the working world with what some call a worthless degree in addition to tens of thousands of dollars in debt.
Benefits have been disbursed to public and private nonprofit schools, as well as to for-profit universities and institutes, which collected more than $639 million by July 2010.
Ashland University, a private institution in Ohio, is joining a small but growing group of colleges that have sharply cut their tuition while also reducing the amount of institutional aid they offer, to come up with a sticker price that’s closer to what students actually pay. That strategy is one of many that smaller institutions are exploring to try to ease concerns about college costs and shore up enrollments.
President Obama took a swipe at law schools and for-profit colleges on Friday, the second day of his college bus tour, suggesting that legal education could be just as effective if it took two years rather than three, and assailing proprietary colleges that leave students in debt and ill prepared for a job.
Because the media loves discussing Donald Trump, it wasn't surprising to see heavy press coverage of a lawsuit brought by New York Attorney General Eric Schneiderman accusing the unlicensed Trump University of "persistent fraudulent, illegal and deceptive conduct." Trump responded by harshly attacking Schneiderman, whose suit demands that Trump pay back at least $40 million to the 5,000 people who were enticed into paying $10,000 to $35,000 for real estate investment courses "that did not deliver on their promises." Trump University's sad broken promises included telling some students they would get a photo-op with the Donald, when all they got was a picture with a cardboard cutout. But the real fraud was convincing enrollees that the Trump-owned for-profit "university" would get them on the path to a successful career, which apparently didn't happen for many of them.
Clarkson University President Anthony Collins supports President Obama's "shake-up" for higher education and is confident about how the upstate New York research university will fare in the new scorecards for colleges and universities.
One of the more alarming trends in higher-ed financing in recent years has been the startling increase in merit-based and other institutional aid for upper-middle-class and rich college students. As Stephen Burd of the New America Foundation has pointed out, there’s ample evidence that colleges’ “high tuition, high aid” approach — which was meant to allow for price discrimination, whereby rich students pay a lot and poor students get big breaks — has not had that effect, and has indeed resulted in schools using merit aid policies, which usually come at the expense of need-based aid.
Yet Jay Bilas — former “student-athlete” and current ESPN broadcaster — called out the NCAA, just like he did Crow’s battle against for-profit universities like Grand Canyon University. Bilas went to the NCAA’s official website, typed in the surnames of various college stars and found he could buy their replica jerseys for as much as $179.95.
Kaplan Inc. has been both a savior and a sore spot for The Washington Post over the past decade. The sale of the newspaper to Amazon founder Jeff Bezos leaves the for-profit education company behind, its future uncertain.