Blog Archives

CENTER FOR AMERICAN PROGRESS: To Improve College Degree Attainment, CAP Offers Solutions for Simplifying and Streamlining Student-Loan Repayment System

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Modernizing the way student loans are repaid in order to promote affordability, eliminate default, and reduce taxpayer costs are at the heart of a new student-loan repayment proposal from the Center for American Progress. A new report from CAP proposes creating a new system that utilizes the Internal Revenue Service’s, or IRS’s, …

BAYSTREET: Keiser University Announces Agreement with Northwood University’s West Palm Beach Campus

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Northwood University's campus, located at 2600 Military Trail in West Palm Beach, will become Keiser University's second West Palm Beach location and first residential campus in Florida. This agreement ensures that the students at the West Palm Beach campus can complete their education in an effective and seamless manner.

Dr. Arthur Keiser, Chancellor …

FBI: United States and State of Florida File Complaint Against Defunct For-Profit College Chain and Its President for False Claims Act Violations

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The United States and State of Florida have brought a civil complaint against FastTrain II Corp., a private, for-profit chain of schools that was based in Miami, Florida and was doing business as FastTrain College and Alejandro (Alex) Amor, 56, of Coral Gables, who was FastTrain’s owner, president and Chief Executive Officer. …

COOLEY LLP: Conversion of a Postsecondary Educational Institution from a For-Profit to a Nonprofit, Tax-Exempt Entity

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The recent announcements that Grand Canyon University would explore nonprofit status and that Corinthian Colleges plans to sell a group of schools to a nonprofit entity have encouraged higher education companies to take a fresh look at conversion into a nonprofit entity. These announcements, along with the challenges posed to for-profit institutions …

FITCH RATINGS: New US Student Loan Rules Minor Risk to Student Loan Asset-Backed Securities (ABS)

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The recent Gainful Employment (GE) regulations focusing on for-profit colleges and schools, both degree and non-degree, are mildly negative for US student loan ABS, according to Fitch Ratings.

Those loans comprise less than 10% of current Fitch-rated federal and private student loan ABS trusts. And as GE is unlikely to affect funding until …

Nonprofit Colleges Online Releases “Students Before Profits Award” Ranking of Online RN to BSN Programs

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Nonprofit Colleges Online, an online publication promoting non-profit colleges and universities that offer online degree programs in a variety of academic disciplines, has released a new ranking of online RN to BSN nursing programs. The ranking is part of the website's "Students Before Profits Award" rankings, which aims to bring attention to …

National Black Chamber of Commerce Responds to Department of Education’s new Gainful Employment Rule

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WASHINGTON, Oct. 31, 2014 /PRNewswire-USNewswire

We are extremely disappointed but not surprised that the Administration has decided to move forward with its harmful "Gainful Employment" regulations.

As numerous students, teachers, employees, businesses, and higher education institutions have warned, the unintended consequences of the rule will be devastating to the millions of underserved minority students …

Chegg Acquires Internships.com

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Chegg announced that it has acquired Internships.com, a division of CareerArc Group LLC. on October 2, 2014.

Internships.com, will add 2 million registered students, 380 university relationships, and 90,000 internships from 60,000 companies to the Chegg Career Center.

"With this acquisition, Chegg is poised to disrupt the highly inefficient and fragmented $5 billion college …

RuffaloCODY Announces Merger With Noel-Levitz

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Combined, RuffaloCODY and Noel-Levitz offer colleges and universities experience, data and insights, as well as solutions covering a student's lifelong relationship with an institution, from initial enrollment through student success and alumni loyalty.

Lazard Middle Market advised RuffaloCODY on this transaction.

"Institutions are operating in an increasingly competitive, demanding and fluid environment while simultaneously …

Medtech College Receives Six “Stevies” At 2014 American Business Awards Gala

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Medtech College received three Gold and two Silver “Stevies” among its six 2014 American Business Awards (The Stevies) at the ABA’s traditional awards banquet in Chicago on June 13. Medtech College was named a Gold Stevie winner in the “Company of the Year,” “Management Team of the Year,” and “Executive of the …

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