Week in Review

May/03/2015 - 10:52am

Career College Central Summary:

The yawning chasm of a potential loss of accreditation reportedly faced Gordon College just a few months back.

It seemed that the Christian school’s Statement of Life and Conduct included “homosexual practice” as a forbidden activity and that had riled the politically correct officials at the New England Association of Schools and Colleges.

But, …

May/03/2015 - 10:16am

Career College Central Summary:

For years, private for-profit colleges were Wall Street darlings. Robust margins and a business model that does best when the economy does worst enabled these companies to add hundreds of thousands of students, all funded by billions of dollars in federal subsidies.

What skyrocketed upward is now coming down, and the landing is …

May/01/2015 - 9:47am

Career College Central Summary:

In response to this week's Heald College closing, California lawmakers have introduced a bill that would make Heald and Corinthian online students eligible for the California Student Tuition Recovery Fund. 

The California Department of Consumer Affairs says Heald students could be reimbursed for some credits when they enroll at a new school. The …

May/01/2015 - 9:44am

Career College Central Summary:

The U.S. Department of Education is considering new hurdles for student loan borrowers seeking to get out of their debts by claiming their schools swindled them.

Days after the abrupt shutdown of for-profit chain Corinthian Colleges Inc., the department is discussing additional requirements for debt-forgiveness applications and hiring an outside party to rule …

May/01/2015 - 9:40am

Career College Central Summary:

Perhaps “scandal” isn’t the most accurate word to describe the controversy in which Sen. Marco Rubio (R-FL) finds himself embroiled. It is, however, a matter of contention for which the Florida senator will have to answer and that could arrest the rise in his stock value as a 2016 candidate.

According to a …

May/01/2015 - 9:35am

Career College Central Summary:

Three days after Heald College closed, thousands of students went back to campus today. They were there to pick up transcripts and to gather information to help them decide what to do next. 

On Monday, Meiasha Bradley was sitting in a hot car in the Heald College parking lot in Rancho Cordova trying …

Apr/29/2015 - 9:37pm

Career College Central Summary:

In Grand Canyon Education Inc.'s (Nasdaq: LOPE) first quarter 2015 investor conference call today, CEO Brian Mueller said he's not giving up on changing the university's tax status.

"The work of transitioning from for-profit to not-for-profit is ongoing," Mueller told analysts today.

But the current model he has been trying to use isn't working. …

Apr/29/2015 - 9:32pm

Career College Central Summary:

Last summer, Sen. Marco Rubio of Florida asked the U.S. Department of Education to "demonstrate leniency" toward Corinthian Colleges by permitting the wealthy for-profit company to continue accessing millions of dollars in federal financial aid while it was cooperating with a federal investigation.

Ten months later, the company shuttered its remaining 28 campuses, …

Apr/29/2015 - 9:22pm

Career College Central Summary:

Just because students who attended the now closed Everest University, Heald College or WyoTech campuses can’t finish their college career with Corinthian Colleges Inc., doesn’t mean they can’t finish their education somewhere else. For student who would prefer to transfer to a similar program rather than receive a refund, the Department of …

Apr/29/2015 - 9:17pm

Career College Central Summary:

Corinthian Colleges Inc. was once one of the nation's largest for-profit college chains, enrolling tens of thousands of students in career programs as the recession displaced millions of workers.

Now the Santa Ana company is almost out of business. On Sunday, Corinthian announced that it would close more than two dozen of its …

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