State Rep. Leon Stavrinakis says quality and affordability are the two main goals for South Carolina’s higher-education institutions, and the company poised to buy the Charleston School of Law doesn’t appear to strive to meet either.
Grand Canyon University was bustling with activity on the second day of classes last week, with an on-campus student population now approaching 8,500, new dormitories and an athletic program ready to launch its first year in NCAA Division I as a member of the Western Athletic Conference.
For-profit schools — which include the University of Phoenix, DeVry University and Strayer University — began booming in the 1990s after changes in state and federal regulations made it possible for them to open campuses across the country and online.
Students at for-profit medical schools in the Caribbean are amassing more debt than their peers at medical schools in the United States, and many of those students quit school early, thereby creating risk for taxpayers, according to an article in Bloomberg Markets magazine that examines trends at the Caribbean institutions. Some of those schools also pay hospitals in the United States to take their students for clinical training, a practice that has drawn the ire of some medical educators.
Founded in 1995, Corinthian is one of the world's largest for-profit college companies, with an enrollment of about 81,000 students at 111 schools in 25 states and Canada. Operating under the names Everest, Heald and WyoTech, it offers job-training programs as well as associate's, bachelor's and master's degrees.
From my story today: “As the Education Department gathers a panel to rewrite controversial for-profit college regulations, the motto might as well be 'the more things change, the more they stay the same.'
For-profit colleges enjoy the fruits of a business model to die for. It's not a new model. In fact, it's very similar to the one employed by subprime mortgage purveyors Washington Mutual and Countrywide Financial that helped put the entire global financial system at risk, pitching the U.S. into the worst financial panic since the Depression. As we confront a national student loan debt now over $1 trillion and counting, that holds back their "normal" investment in first-time housing, cars and the like, it would be wise to look closely at those similarities and see what we can do about them before its too late (again).
Some students in the Inland Empire have complained in recent years that the education and degrees they receive from some area for-profit colleges leave them unemployable in their fields of interest and facing mounds of student loan debt.
A little more than a week after the state of New York sued Donald Trump for $40 million, claiming his Trump University doesn't give students much benefit, the feds are taking a harder look at all for-profit career education institutions.
For-profit colleges will join talks today in Washington as they try to soften an Education Department proposal that sets limits on student debt levels.
The Bay Area's for-profit colleges soak up millions of dollars in taxpayer-funded student grants and loans and charge students high tuition, yet many have low graduation rates or high rates of student loan defaults, an analysis of U.S. Department of Education data reveals.
With students enjoying their first weeks on campus and President Obama's call to bring more accountability to colleges still reverberating, for-profit schools are gearing up for what could be another round of battles over government efforts to tighten regulation of their operations.
For-profit colleges will join talks today in Washington as they try to soften an Education Department proposal that sets limits on student debt levels.
U.S. Senator Dick Durbin called for an examination of for-profit medical schools in the Caribbean that have access to federal student loans yet may be subject to standards below those set for medical students in the U.S.
Real-estate mogul and reality TV star Donald Trump is no stranger to the spotlight — but he can’t be reveling in the attention he’s receiving now. On August 24, New York Attorney General Eric Schneiderman sued the Trump Entrepreneur Initiative, a for-profit school run by Trump, claiming that it tricked students into paying thousands of dollars for courses that failed to provide promised instruction on real-estate business techniques. If these allegations are true, it’s a warning that at least some of what purports to be nontraditional for-profit education can be an old-fashioned rip-off.
The regulation of for-profit higher education is a hot topic once again, thanks in part to a second round of negotiations over gainful employment rules, which begin today,
Colleges and universities should be accountable to the public for public money they receive. Obama is especially annoyed with expensive for-profit colleges that receive federal student aid dollars but whose students incur large debts and then drop out, or who graduate but cannot find good paying jobs. Who can blame him?
Last month, USA Today reported that House Education Committee Chairman Rep. John Kline, R-Minn., who has received generous campaign contributions from for-profit colleges, is pushing legislation that would protect the industry from losing federal aid, which accounts for much of their revenue.