Week in Review

May/05/2015 - 9:10pm

Career College Central Summary:

 Attempts to resolve the Corinthian Colleges fiasco hit a snag yesterday: while the for-profit college filed for bankruptcy, the student group Debt Collective and the Department of Education (ED) failed to come to an agreement on the write-off of federal loans to current and former students.

Papers submitted to a Delaware court indicated …

May/05/2015 - 8:57pm

Career College Central Summary:

Of all the ideas “reform conservatives” have come up with, the most promising is overhauling higher education. Haphazard and increasingly expensive federal subsidies for college education offer one of the few areas where the Republican party’s political need to address the economic insecurities of the working class can be accomplished without betraying …

May/05/2015 - 8:40pm

Career College Central Summary:

Kaplan University will now offer personalized “competency reports” to its 45,000 students. The announcement is the for-profit institution’s biggest move into competency-based education so far, adding momentum and, perhaps, risks for the emerging form of higher education.

The university has been crafting its approach to competency-based education for more than a decade, said …

May/05/2015 - 8:33pm

Career College Central Summary:

Corinthian Colleges’ declaration of bankruptcy on Monday finalizes the for-profit college’s unprecedented collapse that has morphed into a political firestorm for the Obama administration — which U.S. Department of Education officials are racing to extinguish.

What began last year as a paperwork dispute between Corinthian and Education Department regulators is now a high-profile …

May/04/2015 - 6:18pm

Career College Central Summary:

A week after embattled for-profit college chain Corinthian Colleges Inc. closed its remaining Everest University, Heald College and WyoTech campuses, the company filed for bankruptcy, essentially closing the book on the company’s long downward spiral. 

The Wall Street Journal reports that CCI filed for Chapter 11 protection in U.S. Bankruptcy Court in Delaware …

May/04/2015 - 6:12pm

Career College Central Summary:

The spectacular crash of Corinthian Colleges after years of systematically deceiving thousands of students into enrolling into low-quality, high-cost education programs has once again raised questions about how the for-profit college industry staved off stronger rules governing the $1.4 billion per year in federal loans that helped keep Corinthian afloat.

Some hints emerged …

May/04/2015 - 6:02pm

Career College Central Summary:

New legislation presented in Congress aims to limit the for-profit college industry with new financial regulations, additional record-keeping requirements, and a stronger set of sanctions for violations.

Business Insider reports the PRO Students Act would require for-profit colleges to get at least 15% of their revenue from sources outside of federal student aid …

May/04/2015 - 5:58pm

Career College Central Summary:

Providing the opportunity for employees to obtain a college degree is a worthy intention. Just as Starbucks announced in 2014 that it would finance the college dreams of workers around the country, Fiat Chrysler has unveiled a similar program today. There’s only one slight difference: the university that Chrysler has partnered with …

May/03/2015 - 11:12am

Career College Central Summary:

I have spent decades at the top of two businesses that were juxtaposed on your front page last week: journalism and for-profit education. I had the honor of being publisher of The Washington Post for more than 20 years and the CEO of the company that owned it for 22. And I …

May/03/2015 - 11:01am

Career College Central Summary:

NEW YORK: Three Indian Americans – Suresh Hiranandaney, 61, Suresh Chabria, 54, and Anita Chabria, 51 – who ran shady and fraudulent for-profit schools in the New York City tristate area, have pleaded guilty in Manhattan federal court to criminal conspiracy charges for their involvement in student visa fraud and financial aid …

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