Week in Review

May/27/2015 - 8:47pm

Career College Central Summary:

Christina Collins sat at Northwestern Michigan College's library, reading with new students during a college orientation when the news came across her email.

Collins, a supplemental office staff employee at the college and NMC alumnus, said she was "very pleased" on Wednesday to learn NMC administrators will abandon a proposal to outsource employment …

May/27/2015 - 8:42pm

Career College Central Summary:

Justin Lauria-Banta graduated in December from the University of Wisconsin at LaCrosse with a perfect 4.0 grade-point average and a major in economics. In an ordinary economy, the 24-year-old could expect a number of promising job options.

But as he fired off scores of résumés with nothing to show for it, Lauria-Banta got …

May/27/2015 - 8:35pm

Career College Central Summary:

As a part of the Obama Administration's commitment to protect student loan borrowers, the U.S. Department of Education conducted thorough reviews of the four major federal student loan servicers to ensure that the companies followed federal law when it comes to loan interest rates for active-duty servicemembers.

The reviews by the Department found …

May/26/2015 - 7:54pm

Career College Central Summary:

Bridgepoint Education (NYSE:BPI) is one of the largest for-profit higher education institutions in the United States. It has also been alleged to violate fair marketing standards repeatedly. Like many other for-profit schools, Bridgepoint relies on questionable tactics to recruit new students. The US Department of Education has enacted new regulations which are …

May/26/2015 - 7:46pm

Career College Central Summary:

Ashworth College agreed to settle federal allegations that the for-profit college misrepresented how well it prepares students for certain vocational licenses and whether students could transfer credits earned at the Norcross, Ga.,-based institution to other schools.

The Federal Trade Commission’s complaint and proposed settlement were filed in a U.S. District Court in Georgia …

May/26/2015 - 7:42pm

Career College Central Summary:

In 2012, former Senate Majority Leader Trent Lott was a busy man.

For-profit colleges were desperate to beat back efforts by the Obama administration to stem the schools’ abuses and Lott, as a lobbyist for Corinthian Colleges, ITT Education Services and other for-profit higher-educational campuses, was trying to stop the effort dead in …

May/26/2015 - 7:37pm

Career College Central Summary:

The Wisconsin legislature’s budget committee voted against a proposal by Gov. Scott Walker to eliminate a state agency tasked with regulating for-profit colleges.

The Wisconsin State Journal reports that the agency collects all of its operating expenses from the for-profits it regulates, returning about 10% of its revenue to the state.

Walker first introduced …

May/25/2015 - 12:11pm

Career College Central Summary:

A coalition of 50 labor organizations, consumer groups and the “Debt Collective” sent a joint petition on Tuesday to U.S. Secretary of Education Arne Duncan, urging him to cancel federal student loans owed by 78,000 who attended Corinthian College schools. The for-profit institution recently closed its 28 schools and filed for bankruptcy, …

May/25/2015 - 11:02am

Career College Central Summary:

For-profit college chain Corinthian Colleges abruptly shut down at the end of April, amid federal and state investigations into its supposedly predatory practices. 

Now, former students and student advocacy organizations are seeking wholesale loan forgiveness under the "defense to repayment" provision within the Higher Education Act.

That law lets borrowers cite a college's "acts …

May/25/2015 - 10:52am

Career College Central Summary:

The big for-profit colleges were back in court in Washington again this morning, arguing to a federal judge that the Obama Administration did not have the power to subject them to even the most minimal standards of accountability for leaving their students with overwhelming debt.

Despite the mountain of evidence that many for-profit …

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