Week in Review

May/17/2015 - 6:49pm

Career College Central Summary:

New data from the National Student Clearinghouse Research Center shows falling enrollment at community colleges and for-profit schools.

Inside Higher Ed reports that the trend follows the cyclical pattern of enrollment at these institutions, where economic downturns push adult students back to the classroom for retraining or specialization and recoveries take them back …

May/14/2015 - 6:52pm

Career College Central Summary:

Students who graduated from the Art Institute of California between 2009 and 2012 and struggled to find a job in the field they studied could be eligible for compensation, according to San Francisco City Attorney Dennis Herrera.

Herrera today launched an outreach program to identify former Art Institute students eligible for compensation under …

May/14/2015 - 6:20pm

At the end of 2014, Career College Central partnered with Penn Foster on a state of the industry survey. Penn Foster will be presenting the survey results during a webinar on May 19th. We think you’ll benefit from attending and encourage you to register.

How do your biggest challenges stack up against the 100+ career …

May/14/2015 - 6:10pm

Career College Central Summary:

Brookstone College of Business, which operates in Charlotte and Greensboro, NC, is the latest for-profit to shut down amid tighter regulations on the sector.

The Charlotte Observer reports that the college cited gainful employment rules —? which require career-training programs to submit additional data about job placement and graduate student loan default rates …

May/14/2015 - 6:05pm

Career College Central Summary:

When embattled Corinthian Colleges announced it would be shuttering its remaining 28 campuses in April, students weren’t the only ones left feeling shell shocked.  

Roughly 4,000 instructors and staff found themselves out of work and facing a shrinking job market in their field. The closure impacted workers at 13 Everest and WyoTech …

May/13/2015 - 7:23pm

Career College Central Summary:

The Securities and Exchange Commission yesterday announced fraud charges against ITT Education Services, a for-profit company that operates career training schools. The SEC alleges that ITT executives engaged in a scheme to hide looming losses from loans the company guaranteed to students attending its colleges. The company denies the fraud.

Regardless of whether …

May/13/2015 - 7:18pm

Career College Central Summary:

The explosive growth of student debt has become not only a mounting political issue, but its near-suffocating effect on millions of Americans also is causing considerable macroeconomic impacts.

The statistics are daunting: Total student debt now exceeds $1.2 trillion, up from only $240 billion just 12 years ago. During this period, the number …

May/13/2015 - 7:13pm

Career College Central Summary:

Shares of Carmel, Indiana, based ITT Educational Service Inc. plummeted on Tuesday, against the backdrop of a mild decline in stocks overall. ITT's (ESI) stock fell 43.53%, losing $1.75 per share, to close at $2.27, on volume of 8,051,635 shares. The Securities and Exchange Commission filed an enforcement action against the company, …

May/13/2015 - 7:08pm

Career College Central Summary:

Former Congressman Vin Weber (R-MN) is an advisor to the unofficial presidential campaign of Jeb Bush, as both Weber and the Bush camp have confirmed. Weber recently told Fox News, "I think that Governor Bush is right on track in terms of how he's been thinking about this potential race and when …

May/12/2015 - 7:05pm

Career College Central Summary:

The Securities and Exchange Commission on Tuesday said it brought fraud charges against ITT Educational Services Inc. and two of its top executives, alleging they misled investors about the looming financial impact of two badly-performing student-loan programs on the for-profit educator.

According to an SEC complaint filed in the U.S. District Court for …

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