Week in Review

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 …

May/12/2015 - 7:00pm

Career College Central Summary:

Rick Santorum, who is gearing up to launch his second bid for the Republican presidential nomination,famously labeled President Obama a “snob” for his efforts to get every American access to a college education. The former Senator from Pennsylvania, who holds a BA, MBA and JD, has since admitted his phrasing during that …

May/12/2015 - 6:37pm

Career College Central Summary:

One minute, QuinStreet Inc (NASDAQ:QNST) was merrily redirecting traffic from Google searches and picking up millions along the way in exchange for generating leads.

The next minute, two trucks flew around the corner, with President Obama at the wheel of one and Google at the other. Wham!

Once investors understand the true impact of …

May/12/2015 - 6:30pm

Career College Central Summary:

Iraq and Afghanistan veterans Ashton Harris and Devin Wilson were among the 16,000 students attending the for-profit Corinthian College when it abruptly closed on April 27.

They paid for their education using their GI Bill benefits, which can cover three years of tuition. Now they worry they've wasted valuable benefits on a school …

May/11/2015 - 6:12pm

Career College Central Summary:

Fiat Chrysler's plan to offer free college educations to employees of its U.S. dealerships will enable retailers to attract and keep high-performing employees, the chairman of the FCA US Dealer Council said.

"Dealers are always looking for a way to keep good people in their organization," said Jim Arrigo, who owns five FCA …

May/11/2015 - 6:06pm

Career College Central Summary:


The for-profit institution Corinthian Colleges filed Chapter 11 bankruptcy last week after closing its campuses, leaving 16,000 students with little to show for their investment.

Once one of the nation's largest for-profit colleges, the California company collapsed in failure after committing a series of violations that resulted in …

May/11/2015 - 6:00pm

Career College Central Summary:

Last week Sen. Elizabeth Warren, the Senate’s foremost advocate for lowering student debt and lowering the cost of college, received a petition signed by more than 240,000 people.

The petition called on Congress and President Obama to cancel all student debt – all $1.2 trillion. It was delivered by representatives of 12 organizations …

May/10/2015 - 12:25pm

Career College Central Summary:

Legal advocates are warning thousands of former students of the now-closed Corinthian Colleges that enrolling in another for-profit school may put their loan forgiveness at risk.

“They may be on the hook for two sets of student loans,” said James Rogers of the Legal Aid Foundation of Los Angeles.

His group held a legal …

May/10/2015 - 12:16pm

Career College Central Summary:

The for-profit college industry’s implosion intensified, with two companies announcing mass campus closings days after a third filed for bankruptcy.

In a stunning fall from grace, the three companies, Career Education, Education Management and Corinthian Colleges, which once enrolled more than 300,000 students, have lost almost $8 billion in market value since their …

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