Week in Review

Jul/01/2015 - 4:24pm

Career College Central Summary:

Apollo Education Group’s stock price dropped and ratings analysts advised stockholders to sell following the company’s release of its third quarter earnings report.

TheStreet Ratings Team calculates a drop in earnings per share of about 307% since the same quarter of last year — stockholders now earn 44 cents per share.

Net Income, from …

Jul/01/2015 - 4:19pm

Career College Central Summary:

New U.S. Dept. of Education rules that take effect today are putting about 1,400 college programs at risk of losing eligibility for receiving federal student financial aid. The new rules could accelerate the ongoing closures of for-profit colleges across the country.

The for-profit education business has been under fire for several years as …

Jul/01/2015 - 4:11pm

Career College Central Summary:

It’s no secret that for-profit colleges receive a large chunk of their revenue from military education benefits. To deter unscrupulous for-profit colleges from unfairly targeting these prospective students, the government has imposed several limitations on just how these companies can recruit servicemembers. But a new report shows that one of the nation’s …

Jun/28/2015 - 11:23am

Career College Central Summary:

When it comes to enrolling veterans and their families, there is only upside for for-profit colleges. Men and women who serve in the military receive federal education funding that has become a stable source of revenue for many of the schools. And that money is exempt from a key federal rule that …

Jun/28/2015 - 11:13am

Career College Central Summary:

Kimberly Garrison has been struggling with her student loans for a full decade. Unable to land a job with her computer networking associate’s degree, the Homestead woman missed payments, which led to her wages being garnished — about $700 per month. When Garrison received an inheritance after the death of her grandmother, …

Jun/28/2015 - 10:57am

Career College Central Summary:

Two years ago, Starann Freitas had no college degree. "I'd always wanted one, but life responsibilities got in the way," says Freitas, 52. She worked as an administrative assistant for health insurer Anthem Inc., answering phone calls and scheduling meetings.

Eight months later, that had changed. Freitas enrolled in an online associate's degree …

Jun/28/2015 - 10:29am

Career College Central Summary: 

It would be a gross understatement to say Apollo Education (APOL – Get Report), the for-profit education company behind the University of Phoenix, has disappointed its shareholders in 2015.

With shares already down some 51% in the first six months of the year, against a small, 2.6% gain for the broader market, Apollo …

Jun/25/2015 - 7:06pm

Career College Central Summary:

A Federal District Court judge in Washington on Tuesday upheld new Obama administration rules that will deny federal aid to career training programs that saddle students with crushing debt while giving them useless degrees in return.

The ruling strongly reaffirms the government’s authority to regulate these often-corrupt programs — and comes at a …

Jun/25/2015 - 7:00pm

Career College Central Summary:

For a prospective student considering a job-training program, one question that can be hard to answer accurately is: What am I likely to earn if I finish the program?

Even if a school wanted to provide an accurate answer, the best it can do is survey graduates and hope for enough honest answers …

Jun/25/2015 - 6:41pm

Career College Central Summary:

Three Democratic senators have introduced legislation that would close a loophole allowing for-profit colleges to take in increased amounts of federal money by collecting veterans' tuition. Sens. Tom Carper of Delaware, Dick Durbin of Illinois and Richard Blumenthal of Connecticut formally announced their Military and Veterans Education Protection Act on Wednesday.

"As you …

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