Week in Review

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 …

Apr/20/2015 - 7:54pm

Career College Central Summary:

Today, college degrees are increasingly necessary to find rewarding, financially feasible careers.

But whether or not you end up satisfied with your overall college experience depends a lot on just a few simple factors, according to recent Gallup polling. Earlier this month, Gallup released a new analysis of the the 2014 Gallup-Purdue Index, …

Apr/20/2015 - 7:49pm

Career College Central Summary:

Chicago-based Sterling Partners announced the $200 million Education Opportunity Fund, its first-ever sector specific fund. It is partnering with USA Funds, a nonprofit that focuses on streamlining student pathways to college, on the venture. The private equity firm hopes to invest in "growth-stage, purpose-driven companies" that further opportunities for students, create new …

Apr/19/2015 - 8:32pm

Career College Central Summary:

Hillary Clinton

College affordability: Before she became secretary of state, in 2009, Clinton spent eight years on the Senate education committee, focusing on non-traditional students and borrower rights. While few of her higher education bills cleared Congress, portions of her Borrower Bill of Rights made it into law, as did pieces of her …

Apr/19/2015 - 8:25pm

Career College Central Summary:

Attorney General Kamala Harris is running in California for the seat of retiring U.S. Sen. Barbara Boxer on her record as a prosecutor, which is starting to look noteworthy mainly for overkill. Her latest target is Heald College, a subsidiary of the Santa Ana-based for-profit Corinthian Colleges.

Last summer Corinthian agreed to sell …

Apr/19/2015 - 8:19pm

Career College Central Summary:

State attorneys general have long served on the front lines of the struggle to control and discipline predatory for-profit colleges that saddle students with crippling debt while granting them useless degrees, or no degrees at all. On April 9, nine of them who know firsthand how people can be deceived and bled …

Apr/19/2015 - 8:09pm

Career College Central Summary:

A proposal to eliminate the board charged with overseeing for-profit schools in Wisconsin will come before the Legislature's budgeting committee on Friday.

The Joint Finance Committee will vote on a proposal in Gov. Scott Walker's two-year budget that would scrap the Educational Approval Board, which oversees about 250 institutions enrolling about 60,000 students. …

Apr/16/2015 - 7:56pm

Career College Central Summary:

Already facing imminent closure, the for-profit chain Heald College was hit with a potentially fatal blow this week.

On Tuesday, the U.S. Department of Education barred the school, which operates campuses in Roseville, Rancho Cordova and eight other California cities, from enrolling new students and slapped its parent company with a $30 million …

Apr/16/2015 - 7:50pm

Career College Central Summary:

Apollo Education Group (APOL – Analyst Report) became a Zacks #5 Rank (Strong Sell) in early March when shares were trading above $27, as analysts continued to lower earnings estimates ahead of the company's quarterly report.

On March 25, the owner of University of Phoenix, reported its first quarterly loss since early 2011. …

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