Week in Review

Jul/05/2015 - 10:18pm

Career College Central Summary:

The popular idea of what retirement involves, as long as you’re healthy enough to enjoy it, can sound a bit like an extended vacation: golfing, fishing, sitting around drinking iced tea while discussing the latest books with a group of like-minded friends, traveling to visit the grandchildren or places you’ve always yearned …

Jul/05/2015 - 10:09pm

Career College Central Summary:

How did trade schools go from being mom-and-pop shops that trained mechanics and hair stylists to making billions on Wall Street? And if the industry is as predatory as the Education Department and many lawmakers suggest, why didn't they stop it?

In 1990, there wasn't a single publicly traded college. Now, there are …

Jul/05/2015 - 10:01pm

Career College Central Summary:

For-profit colleges have been controversial for a while. Thousands of students were going deep into debt to take courses of sketchy creditability. And earlier this year, one of the most notorious for-profits shut down, displacing 10,000 students.

It was the largest failure in for-profit higher education. Senator Elizabeth Warren–who's known for fighting for …

Jul/01/2015 - 4:31pm

Career College Central Summary:

The US District Court for the District of Columbia on Tuesday ruled in favor of tight regulations pointed at the for-profit college industry. The court ruled that the Education Department has the right to demand that schools show that their graduates are financially dependent enough to repay their student loans. Fraudulent colleges …

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 …

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