Week in Review

Apr/23/2015 - 8:53pm

Career College Central Summary:

When the new gainful employment rules take effect later this year, for-profit educators would need to demonstrate that their programs are actually training graduates to earn a living. But a pending piece of legislation seeks to give these schools a free pass to billions of dollars in federal student aid.

In response, a …

Apr/23/2015 - 8:32pm

Career College Central Summary:

Laureate Education Inc., the largest for-profit college network in the world, is interviewing banks for a $1 billion initial public offering in the U.S., people with knowledge of the matter said.

The company, whose honorary chancellor is former President Bill Clinton, has been meeting with potential underwriters for an IPO that could value …

Apr/23/2015 - 8:12pm

Career College Central Summary:

Despite facing great challenges and, at times, turmoil, America's career colleges continue to make a positive impact on students and the American economy.

The Imagine America Foundation (IAF) has announced the release of the 2015 Fact Book to offer a data-supported look at the impressive accomplishments of the career college sector of higher …

Apr/23/2015 - 8:07pm

Career College Central Summary:

An education technology executive who previously worked with the for-profit college industry told me last year, "The biggest misconception about for-profits is that they are schools. They are call centers that happen to have a school built around it."

That is a deadly accurate insight.

Numerous federal and state law enforcement investigations, and media …

Apr/21/2015 - 9:06pm

Career College Central Summary:

Two Orange County campuses and 11 others in the state owned by embattled for-profit education giant Corinthian Colleges must stop enrolling new students this week under an emergency order from California consumer protection officials.

Citing concerns over the school’s financial resources, mounting legal pressures and inadequate regulatory disclosures, the Bureau for Private Postsecondary …

Apr/21/2015 - 9:01pm

Career College Central Summary:

The goal of any institution of higher learning always should be to enrich the lives of its students through skill cultivation and the conveyance of great ideas, but the College of Business and Technology — commonly referred to as CBT College — has taken that belief one step further with its new …

Apr/21/2015 - 8:53pm

Career College Central Summary:

You never know when you’ll run into some genuine food for thought in this utterly thoughtless age of ours.

Case in point: While doing daily research for my regular “Market Maven” column here at CDN, I chanced upon a short piece in the always-cynical, often excellent, frequently paranoid financial blog collectively known as …

Apr/21/2015 - 8:36pm

Career College Central Summary:

The share of college graduates with more than $40,000 in student loans grew by almost 10 times in just 8 years, a new report shows.

In 2004, just 2% of student loan borrowers with bachelor’s degrees were holding $40,000 or more in student loans. By 2012, that share jumped to 18%, according to …

Apr/20/2015 - 8:31pm

Career College Central Summary:

Student loan debt has become a big economic concern, voiced by policy makers from presidents at the Federal Reserve's regional banks to the Treasury Borrowing Advisory Committee. They and other economists worry it's causing millennials to delay household formation and home purchases, which minimizes the boost to growth from such a large, …

Apr/20/2015 - 8:23pm

Career College Central Summary:

In the four years since she was fired, Heidi Weber has become something of a celebrity.

She’s told her story in the halls of Congress. On the radio. At a national conference.

But mostly, she says, she’s been waiting for vindication.

In 2013, Weber won nearly $400,000 in a lawsuit against her former employer, Globe …

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