8 hrs ago
The Modesto Bee
Billions of GI Bill funds go to for-profit schools
A report to be released Wednesday from the office of Sen. Tom Harkin, D-Iowa, a critic of the for-profit education industry who chairs the Senate Education Committee, finds that for-profit colleges received $1.7 billion in Post-9/11 GI Bill benefits in the 2012-2013 school term.
15 hrs ago
Round-up: Banda's departure raises questions, most Corinthian students still stuck with debt
JosA© Banda is Seattle's fifth schools chief in a decade, and his departure to Sacramento has left some concerned about the relationship between the superintendent and board members.
Apollo May Be The Government's Next Victim In Its Aggressive Oversight Of Financial Aid Recipients
Apollo's predatory recruiting, low completion rates, and high expenditures on marketing and executive compensation are red flags for the Feds.
Mon Jul 28, 2014
Bay Area for-profit colleges shut down
A San Jose for-profit college company closed its doors Monday, including its schools in San Francisco, Hayward and Los Angeles, according to the state Bureau for Private Postsecondary Education .
Heald College owner accused of deceptive ads in recruitment push amid collapse
Corinthian Colleges Inc., the owner of dozens of U.S. higher-education campuses like Heald College, continues to recruit more students, some say deceptively, as the company is waist deep in financial troubles that could close all its campuses unless it finds a buyer, Mercury News reported .
Sun Jul 27, 2014
Corinthian Colleges meets its downfall
Through the actions of multiple federal agencies - the Department of Education, Securities and Exchange Commission, and Consumer Financial Protection Bureau - the Obama Administration has succeeded in wiping out a major for-profit education provider with thousands of employees and 72,000 students, all without bringing a legal charge.
Fri Jul 25, 2014
Anthem College shuts its doors in Minnesota
Anthem College, a health-career school in St. Louis Park , has quietly closed up shop after 18 years in Minnesota.
Corinthian faces uphill struggle to sell Everest colleges
It took a cryptic message on her college login page to alert Stephenie Wickiser to the plight of the company that owns her online university.
Thu Jul 24, 2014
KSDK-TV Saint Louis
Durbin takes stand against for-profit collegesDurbin takes stand...
United States Senator Dick Durbin is taking a stand against for-profit colleges from recruiting at on-base career fair and job training events.
In Its Death Throes, For-Profit College Chain Spent Over $100,000 A Month On Lobbying
From April to June, which turned out to be the last three months of its corporate lifespan, for-profit education chain Corinthian Colleges spent $320,000 lobbying Congress , according to Bloomberg.
Durbin Puts His Mark on Defense Bill
Waging war on smoking, for-profit colleges and tax loopholes may sound like odd subjects for the military spending bill, but not when you consider who is wielding the gavel.
Wed Jul 23, 2014
The Orlando Sentinel
Crack down on colleges for students, taxpayers: Editorial
Finally, federal regulators are getting tough on for-profit colleges. The reason is simple: Taxpayers and students have gotten gouged too often, and for too long, with too little to show in return.
Part 1 of For-Profit Schools - Not Enough Karma
I used to work for them. They bought out my little school over 10 years ago when we took in people who made $5 an hour and trained them to make $12 per hour.
RIP James Wang - Unfortunate End To Oceanstone's Outperformance
On July 18th, the Oceanstone Fund announced that its founding manager James Wang had passed away.
Tue Jul 22, 2014
Stars and Stripes
Senate moves to rein in career colleges popular among troops
Troops should think twice before enrolling in one of the country's largest for-profit university chains as it faces the government-supervised sale of its campuses and charges it preyed on the military, Sen. Dick Durbin, D-Ill., warned Monday.
Aequitas legal feud escalates, opponent asks for a limited receiver
A legal dispute between a Southern California company and one of Oregon's biggest investment firms has escalated into a request to put an arm of the firm in receivership, a move that could result in a court officer temporarily overseeing a part of its operations.
Mon Jul 21, 2014
Corinthian Colleges to be monitored by ex-U.S. Attorney Fitzgerald
Former federal prosecutor Patrick Fitzgerald agreed to serve as an independent monitor of Corinthian Colleges Inc, the struggling for-profit education company that agreed to sell or close its campuses, the U.S. Department of Education said on Friday.
Everest Institute in Eagan to close as for-profit college chain ordered out of MN
Corinthian Colleges Inc., which has been under scrutiny from the U.S. Department of Education , will close its 300-person Everest Institute in Eagan and sell off two other Minnesota programs.
Sun Jul 20, 2014
More scrutiny needed on for-profit colleges
The message is simple: Taxpayers and students have gotten gouged too often, and for too long, with little to show in return.
Fri Jul 18, 2014
Barriere Star Journal
Everest College Canadian campuses to be sold
An Ontario career college is looking for a new owner after its troubled U.S. parent company announced it would sell off or close down all its campuses.