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.”
A federal panel will tackle one of most controversial college regulations in Education Department history next month. The rule was meant to ensure that graduates of for-profit colleges are getting jobs and repaying their loans, but it was struck down last summer after a court challenge — so the department is going back to the drawing board.
Altius Education, a for-profit company that runs Ivy Bridge College, announced late Thursday that Tiffin University, a nonprofit institution in Ohio, has been ordered by its accreditor to stop offering associate degrees through Ivy Bridge. Those degrees have been covered by Tiffin's accreditation by the Higher Learning Commission, which according to Altius said that the Ivy Bridge programs must end by October 20.
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.
Even as the Washington Post saw its circulation diminish and its advertising revenues evaporate in recent years, the paper's parent company could draw on a conspicuous center of growth -- a chain of for-profit colleges known collectively as Kaplan Higher Education.
This fall Grand Canyon University will have 8,500 students on its Phoenix area campus, and another 47,000 enrolled in on-line courses. It describes itself as a Christian university with a Christian Viewpoint. GCU operates as a for-profit institution without state assistance or subsidy. Although it has no football team, it has 22 teams competing in men's and women's sports. For the past 10 years GCU has competed at the Division II level, and will now move to Division I as it becomes a member of the Western Athletic Conference.
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.
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.
Private, for-profit colleges have joined the march of institutions that appear to be lowering their tuition as enrollment flattens out and families become increasingly price conscious.
Students at for-profit colleges were especially reliant on federal financial aid programs. More than three-quarters of students at for-profit colleges granting associate or bachelor’s degrees received federal student aid. And an additional 10 percent of students at for-profit colleges granting bachelor’s degrees received veterans’ benefits — a higher proportion than at public or private nonprofit colleges.
Across all sectors of the industry — public, private, and for-profit — there is the sense that online learning offers the greatest opportunity for future growth. For-profit universities such as the University of Phoenix and Strayer University were the first to truly embrace online, and their revenues soared as a result. Between 1998 and 2008, enrollment in U.S. for-profit colleges jumped by 236 percent, according to the independent advocacy group Education Trust.
A lot of people have been complaining that for-profit colleges are merely diploma mills only interested in earning money and not educating students. Is this true?
New York Attorney General Eric Schneiderman's office announced the agreement with Career Education Corp., settling charges it inflated job-placement rates
The Obama administration has had no shortage of spats (and some out-and-out warfare) with the for-profit sector of higher education. But typically administration officials outside the Oval Office have been the ones directly expressing views on the sector.