Week in Review

Apr/15/2015 - 5:21pm

Career College Central Summary:

The Department of Education is developing a formal process to forgive student loans if schools have broken the law, it said yesterday, in its first public acknowledgment of work on such a system.

The statement, buried at the end of a press release announcing a $30 million fine for the troubled for-profit college …

Apr/15/2015 - 5:17pm

Career College Central Summary:

Hillary Clinton, on her first trip to Iowa after declaring her presidential candidacy, criticized for-profit colleges and talked about college costs in a discussion at Kirkwood Community College.

She said it was important to look at "some of the for-profit schools, some of the scandals that have arisen in these places where they …

Apr/15/2015 - 5:12pm

Career College Central Summary:

For Jeb Bush, former Republican Governor of Florida and heir apparent to the Bush dynasty, an official presidential campaign announcement is all but certain. With an extensive reservoir of financial and political capital, many believe he has already cultivated a strong sense of inevitability as a front-runner for the republican presidential nomination …

Apr/15/2015 - 5:07pm

Career College Central Summary:

The U.S. Department of Education on Tuesday fined Corinthian Colleges nearly $30 million for misrepresenting job placement rates at its Heald College chain, which officials said the troubled for-profit education company must now begin the process of closing.

Department officials said the Corinthian-owned Heald, which mostly operates in California, provided inaccurate information about …

Apr/14/2015 - 7:50pm

Career College Central Summary:

The U.S. Education Department fined Corinthian Colleges Inc., the for-profit education chain, $30 million for misrepresenting job-placement rates to current and prospective students.

Corinthian’s Heald College misstated 947 placement rates that inflated the employment prospects of graduates, the agency said.

Heald, a chain of business schools, paid temporary agencies to hire its graduates to …

Apr/14/2015 - 7:44pm

Career College Central Summary:

At 28, Michael Adorno got fed up with his low-wage job at a pizzeria in Richmond Hill, Georgia, and decided to go to college. Adorno attended the for-profit Everest College, part of Corinthian Colleges Inc., in Colorado Springs, Colorado, from 2010 to 2012, and he received an associate degree in network administration. 

Three …

Apr/14/2015 - 7:37pm

Career College Central Summary:

Hillary Clinton said community college should be free during a roundtable with students in Iowa on Tuesday.

“I fully support President Obama’s plan to make community college free,” the newly announced presidential contender said at Kirkwood Community College, the first official stop of her campaign.

Clinton, who is casting the first part of her …

Apr/14/2015 - 7:33pm

Career College Central Summary:

Education Management Corp. CEO Edward West will keep his job despite a purging of the company's board as new owners take over at the troubled operator of for-profit colleges.

Downtown-based EDMC said Tuesday it had finalized a restructuring deal to wipe out $1.3 billion in outstanding debt in exchange for giving lenders a …

Apr/13/2015 - 11:32pm

Career College Central Summary:

Corinthian Colleges Inc. says a lawsuit by California Attorney General Kamala Harris — and her decision to make any future buyers liable for its outcome — is limiting California campuses’ marketability.

Inside Higher Ed reports that the for-profit education company needs to find a buyer in the next several weeks or it could …

Apr/13/2015 - 11:23pm

Career College Central Summary:

Need to learn Spanish, HTML code, or InDesign? Soon, you can take a course on LinkedIn.

The Mountain View, Calif.-based company announced it is acquiring lynda.com, an educational website that produces instructional videos on business, technology, and creative skills. The deal, worth $1.5 billion, indicates a growing financial interest in edtech, and marks …

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