Blog Archives

UEI celebrates Mother’s Day with carnation giveaway

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Awards ceremonies are an emotional time for both students and parents at United Education Institute’s Chula Vista campus.

Apollo Group board members to resign

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Associated Press
Apollo Group Inc., which runs online education institutions including the University of Phoenix, said Friday two of its board members will resign when the company files delinquent financial reports. Read full article

Strayer Education, Inc. reports record first quarter

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PR Newswire Business News Strayer Education, Inc. STRA today announced financial results for the three months ended March 31, 2007. Financial highlights are as follows: read full release

Kaplan goes down under for latest acquisition

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Washington Business Journal

The Washington Post’s Kaplan education division continues to expand through acquisitions, this time planning to acquire an investment management school in Australia.

Kaplan will pay $30 million for the professional training division of the Financial Services Institute of Australia. Its acquisition of Finsa Education requires approval from its members, who will vote on the …

One probe is over for Career Ed. Corp.

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The Chronicle of Higher Education

Career Education Corporation, one of the country’s largest operators of for-profit colleges, has announced that the U.S. Department of Justice concluded its three-year criminal investigation of the company and decided that no charges will be brought against it. Read full article.

The Sallie Mae Fund donates $35,000

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A $1,000 scholarship can make a significant difference for college students piecing together funding for their education. Thanks to The Sallie Mae Fund, students attending career colleges are closer to seeing their dreams through to graduation.

The Sallie Mae Fund, a charitable organization sponsored by Sallie Mae, has donated $35,000 to the Imagine America Promise scholarship program. Students receiving the scholarships are previous recipients of the Foundation’s Imagine America high school scholarship who have maintained a minimum 3.5 grade point average and at least 95 percent attendance record.

Since 2004, The Sallie Mae Fund has been a key supporter of the Imagine America Promise programs. This scholarship is part of The Sallie Mae Fund’s initiative to improve access to higher education by targeting underserved populations with information, resources and scholarship dollars. In 2006, The Sallie Mae Fund awarded more than $2.6 million in scholarships to help roughly 1,000 students meet the cost of college. More information about The Sallie Mae Fund’s scholarship and other programs is available at www.salliemaefund.org.

“While many promising young students assume that they will not be able to cover the cost of college, scholarships like these make a significant difference in helping them bridge the financial gap,” said Kathleen deLaski, president of the The Sallie Mae Fund. “The Imagine America Promise scholarship, in particular, helps career college students stay on track to achieving their educational and career goals.”

IAF created the Imagine America Promise program (formerly named the Imagine America II scholarship program) in 2002. Working in partnership with corporate and private funding sources, the scholarship secures aid for students attending career colleges in the United States and Puerto Rico. To date, the Foundation has secured more than $300,000 in grants, which has supported more than 350 career college students.

“These types of donations help put a lot of students over the top of their funding barriers,” said Bob Martin, president of the Imagine America Foundation. “We greatly appreciate the difference The Sallie Mae Fund has been able to make in the lives of career college students year after year.”

About the Imagine America Foundation
The Imagine America Foundation (IAF) is a not-for-profit affiliate of the Career College Association, established in 1982. Since its inception, the Foundation has provided over $35 million in scholarship and award support for graduating high school seniors, adult learners and U.S. military veterans attending career colleges nationwide through its award-winning Imagine America® programs. The Foundation also publishes vital research publications for the higher education sector, honors achievement in career education and supports faculty/staff training. For more information about the Imagine America Foundation’s scholarship and award programs, please visit www.imagineamericafoundation.com

About The Sallie Mae Fund
The Sallie Mae Fund is a charitable organization sponsored by Sallie Mae. The Fund achieves its mission–to increase access to a post-secondary education for America’s students–by supporting programs and initiatives that help open doors to higher education, prepare families for their investment, and bridge the gap when no one else can. For more information about other Sallie Mae Fund scholarships, visit www.salliemaefund.org.

Indiana Business College Terre Haute campus to expand learning opportunities

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Terre Haute Tribune Star
Indiana Business College’s Terre Haute campus, 1378 Indiana 46, will now offer bachelor’s degrees in business management and health care management. The two new bachelor’s degree programs are designed to enhance students’ career potential and future earning power. Read full article.

Court avoids student recruiting case

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Associated Press
The U.S. Supreme Court rebuffed an appeal made by the University of Phoenix to dismiss a case against the education giant on Monday. The lawsuit was brought by two former employees who say their pay was based off of how many students they enrolled. Read full article.

Imagine America Foundation releases annual report

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While annual reports for most charitable foundations often focus strictly on financial information, the Imagine America Foundation has more to offer in its yearly review.

The Foundation has released its Annual Report, which provides information on the organization’s scholarship programs and numerous other charitable involvements during 2006. The organization, originally founded as a research and scholarship provider, has become an innovative resource for career college professionals and learning institutions.

Nearly $7 million in scholarship and award support was provided through IAF to career college students in 2006. Funds are primarily distributed through four scholarship and award programs sponsored by the Foundation: Imagine America (for graduating high school seniors), Imagine America Promise (for adult students), the Military Award Program (for active duty, reservist or honorably discharged U.S. military veterans), and the new Imagine America Online scholarship (for online/distance learners).

“What I see in the information presented in the annual report is the number of lives we’ve changed,” said Bob Martin, president of the Imagine America Foundation. “Behind those figures are thousands of students who have benefited from our support, not only with scholarships, but from the depth and breadth of all the programs we offer.”

Since its inception, IAF has offered about $35 million in scholarship assistance to students throughout the United States and Puerto Rico. Last year, though, career college students weren’t the only benefactors of the Foundation’s support. IAF also sponsored two new charitable programs:

Hurricane Katrina Relief Effort: Teaming with the board of the Career College Association (CCA), IAF coordinated a relief effort which allocated $245,000 in funds for CCA-member schools devastated by Hurricane Katrina. A special committee assembled by the Foundation oversaw allocations of the grants to affected CCA institutions to assist college students through scholarships, direct aid or student services, and to reimburse faculty and staff for extraordinary losses that were not covered by insurance or other disaster relief programs.

Gail Benjamin Fellowship: The Foundation continues its commitment to the Gail Benjamin Fellowship, a unique program for the career college sector that focuses on the training of professional women and minorities in career education. The Fellowship offers grants to females and minorities to attend CCA’s annual Leadership Institute.

For more information about the Imagine America Foundation’s Annual Report or to request copies, please contact Bob Martin, President of IAF, at (202) 336-6758.

About Imagine America Foundation
The Imagine America Foundation (IAF) is a not-for-profit affiliate of the Career College Association, established in 1982. Since its inception, the Foundation has provided over $35 million in scholarship and award support for graduating high school seniors, adult learners and U.S. military veterans attending career colleges nationwide through its award-winning Imagine America® programs. The Foundation also publishes vital research publications for the higher education sector, honors achievement in career education and supports faculty/staff training. For more information about the Imagine America Foundation’s scholarship and award programs, please visit www.imagineamericafoundation.com

Imagine America Foundation releases 2007 Fact Book

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The Imagine America Foundation has released its biannual fact book, which compares public institutions with private two- and four-year colleges. Featuring nearly 40 pages of research and analysis, the 2007 Fact Book presents a comprehensive look at the for-profit and career college sector of higher education and provides data on enrollment, student benefits and outcomes, career college student profiles, default rates, return on investment statistics, and job opportunities for graduates.

More than 2 million students attended career colleges in the 2005-2006 academic year. While more than a quarter of dependent students come from families with incomes over $60,000, the career college sector is more likely than the non-profit sector to serve students who are independent, have income in the lowest quartile, have parents with an education below the high school level, and are racial or ethnic minorities. This research also shows:

37 percent of students at career colleges are minority, comprising a greater share than those enrolled at private not-for-profit and public institutions (19.8 percent and 24.6 percent, respectively).

Career colleges represent seven of the 10 four-year institutions producing the largest number of minority graduates with Associate degrees in 2004-2005.

“Compared to similar institutions in specific areas of diversity, completion and graduation rate, career colleges do better,” said Bob Martin, president of the Imagine America Foundation. “While this isn’t a revelation for those of us in the sector, it does show – and realistically so – how our colleges stack up in the realm of higher education.”

For more information about the Imagine America Foundation’s Fact Book or to request copies, please contact Bob Martin, President of IAF, at (202) 336-6758.

About the Imagine America Foundation
The Imagine America Foundation (IAF) is a not-for-profit affiliate of the Career College Association, established in 1982. Since its inception, the Foundation has provided over $35 million in scholarship and award support for graduating high school seniors, adult learners and U.S. military veterans attending career colleges nationwide through its award-winning Imagine America® programs. The Foundation also publishes vital research publications for the higher education sector, honors achievement in career education and supports faculty/staff training. For more information about the Imagine America Foundation’s scholarship and award programs, please visit www.imagineamericafoundation.com

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