Week in Review

Jul/09/2015 - 7:19pm

Career College Central Summary:

More fallout from new federal education rules for student financial aid that kicked in on for-profit colleges last week: Sanford-Brown College, which operates 18 career colleges, announced it will stop accepting new students and plans to phase out its brick-and-mortar schools in favor of online education.

The company said it plans to shift …

Jul/08/2015 - 9:35pm

Career College Central Summary:

Veterans returning home after World War II received a big helping hand from American taxpayers. The GI Bill helped millions get a college education.

Today, veterans returning home from the wars in Iraq and Afghanistan also get help paying for college. The Post 9/11 GI Bill can pay up to around $20,000 a …

Jul/08/2015 - 9:32pm

Career College Central Summary:

In case you missed it, I have a story on our main site today that takes a look at how the now-defunct for-profit Corinthian Colleges sold many students up a creek, including some North Carolina veterans who are saddled with big debts and worthless degrees and coursework.

In response to the story, one …

Jul/08/2015 - 9:22pm

Career College Central Summary:

Moody’s Investors Service has further downgraded a seedy, George Soros-backed for-profit college chain with deep ties to both Bill and Hillary Clinton.

The company is Laureate Education, an international conglomerate of aggressive, telemarketing-happy, for-profit colleges that is ensnared in controversy all over the globe.

Moody’s now rates Laureate at an investment grade of B3. …

Jul/08/2015 - 9:17pm

Career College Central Summary:

The hard sell went down in a sun-baked office. Across an aircraft carrier of a desk, an ITT Tech admissions rep looked at Joseph White with a toothy smile.

Did he want to enroll today? she asked.

White, then 24, said nothing at first. As he pondered signing up for an ITT associate's degree, …

Jul/07/2015 - 9:29pm

Career College Central Summary:

Commercial schools have been around for centuries, providing training in fields like accounting and construction that loftier educational institutions did not always offer. America's first billionaire, John D. Rockefeller Sr., completed a course at one such school, Folsom's Business College in Cleveland, 1855.

But these days, for-profit colleges are under fire. Federal investigations …

Jul/07/2015 - 9:23pm

Career College Central Summary:

The Republican-controlled state Senate began debate Tuesday of the two-year state budget.

The Assembly plans to debate the budget on Wednesday, sending it on to Gov. Scott Walker later this week. Walker can use his powerful veto authority to edit or remove items in the $70 billion two-year spending plan.

PUBLIC SCHOOLS

Public schools won't …

Jul/07/2015 - 9:15pm

Career College Central Summary:

Florida Senator and Republican presidential candidate Marco Rubio described his economic platform in a speech Tuesday in Chicago, touching on well-worn GOP priorities including slashing corporate taxes from 35 to 25 percent, further deregulating the private sector, restricting family immigration, and resisting calls to raise the minimum wage. Taking several specific shots …

Jul/07/2015 - 9:10pm

Career College Central Summary:

Increasing federal student aid leads colleges to raise tuitions, offsetting the benefit to students, according to new research published by economists with the Federal Reserve Bank of New York.

The new analysis finds that the majority of an increase in subsidized student loans or grants translates to higher tuitions, and that at least …

Jul/06/2015 - 7:05pm

Career College Central Summary:

The Association of Private Sector Colleges and Universities plans to appeal a June 23 U.S. district court ruling that upheld the Department of Education’s gainful employment rule.

In an announcement of its intent to appeal, the for-profit college group said the regulation “needlessly complicates the effort of new traditional students to achieve a …

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