For-profit colleges

As borrower defense gets another rewrite, for-profits wrestle with uncertainty

As borrower defense gets another rewrite, for-profits wrestle with uncertainty

Education Dive by Ben Unglesbee After failing once to undo Obama-era rules aimed at for-profits, the Ed Department has signaled it will try again. But a confusing regulatory landscape remains. Easy as undoing regulations might seem to government outsiders, they typically must go through the same process as writing new […]

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Dems Pressure VA in War Against Veteran College Students, Private Colleges

Dems Pressure VA in War Against Veteran College Students, Private Colleges

CNS News By Gerard Scimeca It’s no secret how many Democrats in Washington openly condemn private, for-profit and non-profit colleges and universities that offer students specific, career-focused degrees. Many Democrats in Congress work feverishly to shut these schools down, and they will only be happy with the education version of Obamacare, […]

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New York Governor Proposes New For-Profit Regulations

New York Governor Proposes New For-Profit Regulations

Inside Higher Ed By Ashley Smith January 16, 2019 New York governor Andrew Cuomo has proposed increasing regulations on for-profit institutions as part of his 2019-20 budget plan. Under his proposal released Tuesday, for-profit colleges would be required to regularly report their funding sources to the state and would not be allowed […]

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For-profit National American University exits Nasdaq

For-profit National American University exits Nasdaq

EducationDive By Ben Unglesbee January 3, 2019 NAU’s fortunes have fallen with the for-profit sector as a whole. Its exit from the Nasdaq exchange may be largely symbolic for non-investors, but it reflects real financial troubles that have affected many in the sector, including two large for-profit operators that abruptly […]

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Former Republican congressman served on ECA’s board and criticized Trump administration over for-profit chain’s collapse

Former Republican congressman served on ECA’s board and criticized Trump administration over for-profit chain’s collapse

Inside Higher Ed As the for-profit college chain Education Corporation of America navigated financial turmoil, accreditation challenges and federal sanctions during the past two years, it drew on the expertise of a board member with deep experience in federal higher education policy. John Kline, chairman of the U.S. House of […]

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ITT Trustee Sues Ed Department, Lenders to Help Pay $1.5B in Claims

ITT Trustee Sues Ed Department, Lenders to Help Pay $1.5B in Claims

Education Dive Dive Brief A trustee responsible for resolving the bankruptcy of ITT Educational Services is suing the federal government and the financial institutions that backed a loan program connected to the for-profit college, according to The Wall Street Journal. She is seeking funds to pay for about $1.5 billion in […]

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Obama Borrower Defense Rules Could Get New Life

Obama Borrower Defense Rules Could Get New Life

Education Dive Dive Brief: A federal judge in Washington, D.C., today will consider the implementation of Obama-era student loan borrower defense to repayment regulations, The New York Times reported. The decision follows a ruling earlier this week by the Obama appointee in favor of 18 states and the District of Columbia […]

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Report Shows Poor Rates of Grad Student Loan Repayment at HBCUs, For-Profits

Report Shows Poor Rates of Grad Student Loan Repayment at HBCUs, For-Profits

Inside Higher Ed By Andrew Kreighbaum The Obama administration for years battled with the for-profit sector over a rule that would hold higher ed programs accountable for graduating students with debt they couldn’t repay. That rule, known as gainful employment, applied to all career education and certificate programs, and the first […]

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