Week in Review

Jul/21/2015 - 6:50pm

Career College Central Summary:

Five years ago today, Barack Obama signed one of the most important but least understood bills of his presidency: the Dodd-Frank financial regulation overhaul, which represents his main response to the enormous financial crisis that arrived immediately before his election. The law has many detractors and few fans. Pundits argue that it …

Jul/20/2015 - 7:27pm

Career College Central Summary:

A lawyer for shut-down Corinthian Colleges has written to a U.S. Justice Department lawyer investigating the for-profit college company, warning that some school records may be "abandoned" as soon as next month. The June 29 letter, obtained by Republic Report, opens a window into the Corinthian litigation, and also highlights questions about …

Jul/20/2015 - 7:22pm

Career College Central Summary:

With a new school term approaching, numerous college students will head to campuses across the country at a great expense.

With student loans now surpassing medical bills as the most pervasive debt in the country, repayment options are always timely. That is where Education Solutions Federal Student Loan Forgiveness comes in with various …

Jul/20/2015 - 7:05pm

Career College Central Summary:

For-profit colleges have counted on two things: federal money and an uninterrupted flow of students. Now the University of Phoenix (UOP), one of the biggest names in the for-profit college world, said last month that it will close most of its associate degree programs and, for the first time, set academic requirements …

Jul/20/2015 - 6:58pm

Career College Central Summary:

Sen. Marco Rubio (R-FL), who is running for president in 2016, has a strong record of supporting for-profit colleges, namely Corinthian Colleges, which shut down all of its remaining campuses in April. Rubio has accepted contributions to the tune of $27,600 throughout the past five years. The last donation filed with the …

Jul/19/2015 - 6:37pm

Career College Central Summary:

Iowans who bravely serve our country through the active military, the National Guard or Reserves, military veterans who served, and their families, can get singled out by scam artists and disreputable businesses.

Active duty service members are sometimes targeted because of their reliable income and their likelihood to relocate or deploy. Bad actors …

Jul/19/2015 - 6:32pm

Career College Central Summary:

Brazilian startup Descomplica (“Uncomplicate”) has raised an $8 million Series B to build an education entertainment company that the company hopes could actually change the future of education in Brazil.

Descomplica is already known as a test prep platform for Brazil’s standardized college entrance exam tests, delivering a library of 15,000 videos, and …

Jul/19/2015 - 6:28pm

Career College Central Summary:

Inside Higher Ed reports today that USA Funds, a corporation engaged in collecting federal student loan debts from borrowers, has sued the U.S. Department of Education over a policy statement the Department released last week barring companies from charging loan collection fees to students who default but promptly make arrangements to resume …

Jul/19/2015 - 6:24pm

Career College Central Summary:

The indictments of the often-predatory for-profit college industry continue to pile up. This is from a new article by Prof. Stephanie Cellini for the Brooking Institution in which she argues that public community colleges are regularly a much better bet for students:

“Some back-of-the-envelope calculations suggest that for-profit associate’s degree students need at …

Jul/16/2015 - 6:58pm

Career College Central Summary:

As a number of scholars have pointed out, on average, college still pays—even in light of the relatively high debt levels we see today.  The lifetime earnings gains from attending public and non-profit four-year colleges and community colleges have been shown to be consistently high enough to outweigh the costs of attendance. …

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