For those of you who are not familiar with Corinthian Colleges (COCO), it's a for-profit company that provides post-secondary education services. It's most well known brand is Everest Colleges, but it has other institutions such as WyoTech and Heald College.
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,
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.
Education firms Anhanguera Educacional Participacoes SA and Kroton Educacional SA were added to Brazil's benchmark Ibovespa stock index for the period between Sept. 2 of this year and Jan. 3, 2014, exchange operator BM&FBovespa said on Monday.
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.
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.
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).
On the first day of the Association of Private Sector Colleges and Universities annual convention, a storm worked its way towards the convention center. More than a thousand people milled inside Rosen Shingle Creek, one of the golf resort/convention centers that are endemic to central Florida. The attendees had come for the annual congress of for-profit colleges, hosted by the sector’s trade association and central lobbyist. Its theme: “Opportunity for all.”
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.
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.
Brazil has the world's 7th largest Gross Domestic Product (GDP), with a population of around 195 million inhabitants, distributed in 27 states (more than five thousand cities). The country has a peculiar higher education system, with a relatively small number of public research universities and a large number of private institutions, both philanthropic and for-profit. Although the system has been growing substantially in the last 15 years, the number of young people attending the university has not exceeded 14% of the 18-25 age cohort eligible to pursue university level study. Approximately 6 million students attend a higher education institution in Brazil— 75% of these students are enrolled in private institutions (approximately half of them are for-profit institutions).
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.
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?
By every available indication, Corinthian Colleges Inc., one of the country's largest chains of for-profit colleges, stands out as an institution whose students face especially long odds of success.
Monash South Africa and Laureate Education have unveiled a partnership agreement that will enable the local higher education provider operated by Australia’s Monash University to expand its student enrolment and academic offerings.
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.
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.