Week in Review

Jun/08/2015 - 6:10pm

Career College Central Summary:

Lee Siegel is an award-winning critic and an unrepentant leech. After pursuing not one, not two, but three degrees from an Ivy League university, he chose to default on his student loans at taxpayer expense, because he felt that paying them back would have hampered his ambitions of becoming a writer. “As …

Jun/08/2015 - 6:04pm

Career College Central Summary:

Earlier today, the U.S. Department of Education announced new steps to protect students from abusive for-profit colleges, as well as a new debt relief process for students at Corinthian Colleges – which operated schools under the names Everest, Heald, and Wyotech.

Information for borrowers is available at the Federal Student Aid (FSA) website, …

Jun/08/2015 - 5:55pm

Career College Central Summary:

As a guarantor of student loans that specialized in collecting from students on the precipice of bankruptcy, the Educational Credit Management Corporation saw up close the “impact of students taking on debt, dropping out of school and being no better off than when they started college in terms of being able to …

Jun/07/2015 - 6:41pm

Career College Central Summary:

The Obama administration is set to achieve one of its top domestic policy goals after years of wrangling. For-profit colleges, which receive tens of billions of dollars in U.S. grants and loans yet often leave their students with little beyond crushing debt, will need to meet new standards or risk losing taxpayer …

Jun/07/2015 - 6:35pm

Career College Central Summary:

What started out as a group of 15 students under the embattled Corinthian Colleges umbrella soon grew to 100 and has now ballooned to potentially involve more than 1,200 students, some of whom are graduates of other schools and are acting in solidarity with the Corinthian strikers.

The so-called Debt Collective on Friday …

Jun/07/2015 - 6:30pm

Career College Central Summary:

Senator Lamar Alexander said that it is easier to pay for college than many think, noting that with federal grants, community college can be free for many students, and with state aid and federal loans, 4-year colleges can be affordable.

“The question before us is, can you afford to pay for college?  I …

Jun/07/2015 - 6:27pm

Career College Central Summary:

Dawn Lueck’s bosses were beaming. It was the height of the Great Recession, and hundreds of thousands of Americans were losing their jobs each month. But executives at her company, a network of for-profit universities branded as Heald Colleges, were ebullient.

“We knew we’d have more students coming in,” said Lueck, a former …

Jun/04/2015 - 10:08pm

Career College Central Summary:

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Post recently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to …

Jun/04/2015 - 10:03pm

Career College Central Summary:

Ram Charan was asked by a client how to deal with uncertainty. The result was his latest book, The Attacker’s Advantage. The literature on how business leaders should manage when the future is uncertain is pretty sparse. I like Michael Raynor’s The Strategy Paradox and Ram Charan’s book, plus my forthcoming The …

Jun/04/2015 - 9:58pm

Career College Central Summary:

When thinking about college debt, the big worry tends to be: will a paycheck follow the college diploma? And will that job cover everyday bills, as well as monthly student loan payments?

But as the high school graduation celebrations wind down and the borrowing for college heats up, the real question to ask …

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