Week in Review

May/25/2015 - 10:37am

Career College Central Summary:

Have we heard the first pop in a bursting student-loan bubble? After Santa Ana, California-based Corinthian Colleges this month filed for bankruptcy and announced the closure of its remaining for-profit college campuses, talk in Congress and the Legislature has revolved around proposals to bail out student debt for as many as 16,000 …

May/21/2015 - 9:39pm

Career College Central Summary:

Despite a Securities and Exchange Commission complaint that the ITT Tech for-profit college chain lied to Wall Street investors about its finances — and a pending lawsuit by the Consumer Financial Protection Bureau that says the school pushed students into “predatory” private loans — ITT is still free to enroll new students, …

May/21/2015 - 9:33pm

Career College Central Summary:

Education Management Corporation, which operates private, for-profit colleges across the country, announced earlier this month it will close 15 of its locations, including the Art Institute of York.

It’s another blow for Pennsylvania taxpayers who backed a $3 million state grant to the company in 2010, and evidence the state doesn’t always do …

May/21/2015 - 9:29pm

Career College Central Summary:

Bernie Sanders (I-VT) wants to see a “revolution” in higher education funding.

The longtime Senator and newly minted presidential candidate unveiled a bill Tuesday that would completely eliminate undergraduate tuition at four-year public colleges and universities. The bill would also expand work-study programs and allow graduates who collectively hold more than a trillion …

May/21/2015 - 9:24pm

Career College Central Summary:

A recent report by the New York Federal Reserve Bank seems to be saying that America’s household credit and debt are about as uneven as the nation’s economic recovery. A new economic analysis found fewer foreclosures, bankruptcies and credit card delinquencies. However, the rates of delinquent auto and student loans are worse …

May/20/2015 - 9:15pm

Career College Central Summary:

In the pursuit of prestige, revenue, and rankings, more public universities have turned to dangling merit-based scholarships to attract more out-of-state students, according to a report by the New America Foundation released earlier this week. The result: shortchanging both poor students, who are less likely to receive such aid, and students in …

May/20/2015 - 9:13pm

Career College Central Summary:

A for-profit college company that has been ordered to stop enrolling students with GI Bill benefits at its 15 California campuses says the action is unfortunate and unwarranted.

The California Department of Veterans Affairs temporarily suspended ITT Educational Services last week. State officials said they took the action because the Indiana-based chain had …

May/20/2015 - 9:08pm

Career College Central Summary:

Ed L. Schrader is president of Brenau University and a member of the Board of Trustees of the Southern Association of Colleges and Schools Commission on Colleges.

In this essay, he explains why he opposes a proposed federal rating system for colleges and universities.

By Ed L. Schrader

An eerie quiet in recent weeks seems …

May/20/2015 - 9:01pm

Career College Central Summary:

An online junior college sued the accrediting commission that shut it down two years ago, claiming the Higher Learning Commission closed it because of a "political agenda."

Ivy Bridge University fka Ivy Bridge College sued the Illinois-based Higher Learning Commission on May 14 in Federal Court.

It claims the commission shut it down because …

May/19/2015 - 7:43pm

Career College Central Summary:

A day away from crossing the stage at Montclair State University's graduation, Evangelia Stone reflects on her journey from community college, the "amazing" professors she met along the way and the $50,000 in student loans she took out to get a bachelors' in sociology.

Stone, the first in her family to graduate from …

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