Week in Review

Jun/24/2015 - 8:22pm

Career College Central Summary:

For-profit college operator Education Management Corp. lost a battle with one of its hedge fund bondholders and now will have to continue making payments on $14 million in bonds.

The Wall Street Journal reports a federal judge ruled in favor of Marblegate, finding Education Management Corp. must guarantee "past and future payments of …

Jun/24/2015 - 8:20pm

Career College Central Summary:

College students and their parents will be able to take advantage of long-term savings as the state’s supplemental education loan agency has dropped its interest rate almost two percentage points to the lowest rate in its 33-year history.

Loans through the Connecticut Higher Education Supplemental Loan Authority are available to students who need …

Jun/23/2015 - 5:06pm

Career College Central Summary:

The U.S. Education Department’s gainful-employment rule is one step closer to taking effect.

A federal judge on Tuesday rejected a serious legal challenge, brought by the Association of Private Sector Colleges and Universities, to the controversial rule. The lobbying group’s lawsuit was the highest hurdle remaining for the proposed rule, which will judge …

Jun/23/2015 - 5:01pm

Career College Central Summary:

Can you imagine alumni of Corinthian Colleges rallying to save it?

I can’t.

The contrast with Sweet Briar College is striking. Sweet Briar alumnae have apparently earned a stay of execution for the college, cobbling together $12 million in donations and getting judicial permission to free up another $16 million from the endowment to …

Jun/23/2015 - 4:56pm

Career College Central Summary:

Could tweaking the Department of Veterans Affairs website have saved some veterans from suffering through the collapse of Corinthian Colleges?

A group of congressional Democrats think so and on Monday asked the VA to give veterans researching the best use of the education benefits a heads up about for-profit colleges under investigation for …

Jun/23/2015 - 4:53pm

Career College Central Summary:

A frequent topic of conversation, from families to politicians, is the issue of college cost.  It is undeniable that the price tag for attending college has outpaced the rate of inflation in the last few years. Conventional wisdom has it that the culprits are the institutions of higher education themselves. 

State legislators and …

Jun/22/2015 - 7:55pm

Career College Central Summary:

“So, ladies and gentlemen,” the business magnate told a crowd gathered at one of his gleaming, eponymous towers on New York City’s Fifth Avenue Tuesday, “I am officially running for president of the United States, and we are going to make our country great again,” said Trump, whose net worth is valued …

Jun/22/2015 - 7:50pm

Career College Central Summary:

After years of delays spurred by concerns from states and colleges, a new federal requirement that colleges obtain authorization from regulators in each state in which they are physically located is finally due to take effect.

The U.S. Education Department on Friday issued a Dear Colleague letter reminding institutions and state regulators of …

Jun/22/2015 - 7:47pm

Career College Central Summary:

A spending plan released by a House committee Tuesday would prevent the Obama administration from moving forward with new regulations limiting the amount of debt students can carry in career-training programs, two weeks before the rules take effect.

For nearly six years, administration officials have fought to institute regulations to protect students from …

Jun/22/2015 - 7:43pm

Career College Central Summary:

 

If you're one of the 43 million Americans burdened by student loan debt, then you know that repaying your loan isn't fun.

So what if you just stopped?

That's what author Lee Siegel recently proposed in his controversial New York Times op-ed "Why I Defaulted on My Student Loans." He wants borrowers to stop …

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