Week in Review

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 …

Jun/25/2015 - 6:37pm

Career College Central Summary:

The revolving door between federal financial regulators and the industries they oversee doesn't usually spin in the direction of aiding low-income college students trying to learn a trade. But that's exactly what happened on Wednesday when Rohit Chopra, until recently of the Consumer Financial Protection Bureau, sent a scorching letter to Wall …

Jun/24/2015 - 8:30pm

Career College Central Summary:

Education Management Corp (EDMC) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $0.15, Education Management Corp dropped to $0.13 for a new 52-week low. By the closing bell, the company's stock was at $0.13 a share for a loss of 10.71%.

Falling …

Jun/24/2015 - 8:27pm

Career College Central Summary:

Education Management Corp. laid off another 300 people Wednesday, including about 70 in the Pittsburgh region, as it struggles with declining enrollment and making its offerings more affordable.

EDMC (Nasdaq: EDMC) confirmed the cuts, which represent less than 2 percent of its 21,000-employee workforce. It said the layoffs were across EDMC’s entire system …

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