Week in Review

Mar/09/2015 - 11:10pm

Career College Central Summary:

A woman who attended Everest Institute in Grand Rapids is now refusing to pay her student loan debt, claiming the for-profit college misled students.

Mallory Heiney is part of the Corinthian 15, a national group raising awareness about America’s student loan debt crisis.

At 21 years old, she has nearly $30,000 in student loan …

Mar/09/2015 - 11:04pm

Career College Central Summary:

A new study estimates that the total costs of offering a massive open online course range from nearly $40,000 to $325,000, eCampus News reports.

The cost varies based on the number of personnel involved in development and delivery, the quality of the video, the delivery platform, programming for course features, and other elements, …

Mar/09/2015 - 10:59pm

Career College Central Summary:

Public interest groups are defending a controversial rule that would penalize colleges and universities that do not prepare their students to find good-paying jobs after graduation.

The Department of Education issued so-called “gainful employment” regulations last October to ensure colleges do not unfairly bury students in debt to obtain inadequate degrees.

The Education Department …

Mar/09/2015 - 10:54pm

Career College Central Summary:

As the calendar turned from February to March, higher education observers have watched for movement in the showdown between the Department of Education (ED), which manages federal student loans, and students at a failing for-profit college who want their loans to be forgiven.

Student and consumer advocates are behind a group of 15 …

Mar/08/2015 - 10:36pm

Career College Central Summary:


Public education is much more affordable than for-profit education.

Graduates are employed less and paid less than graduates of non-profit universities.

Apollo Education’s upcoming earnings have a good shot at missing Wall Street estimates just as competitor, DeVry Education Group, did earlier this year.

Interest rates on federal student loans, the main source of income …

Mar/08/2015 - 10:31pm

Career College Central Summary:

When the Great Recession struck in 2008, it made young people think differently about American higher education, a Stanford economist says.

While job opportunities dipped during the recession, student interest in college increased, according to Caroline Hoxby, the Scott and Donya Bommer Professor of Economics at Stanford. She recently co-edited a book, How …

Mar/08/2015 - 10:25pm

Career College Central Summary:

Student loans–even for those in early to late middle age–have become toxic to Americans' financial well-being.

Older adults are not only increasingly incurring heavy debts when they go back to school, change careers, or enroll in continuing education, but they also may be saddled with something worse when they default: garnished wages or …

Mar/08/2015 - 10:20pm

Career College Central Summary:

There are few winners in America’s trillion-dollar student debt crisis. The government has become the guarantor of a giant pool of increasingly bad debt, low-income borrowers are saddled with decades of repayments, and taxpayers foot the bill. The class of 2014 was the most indebted in history.

But at least one industry is …

Mar/05/2015 - 7:24pm

Career College Central Summary:

Three years ago, technology was going to transform higher education. What happened?

Over the course of a few months in early 2012, leading scientists from Harvard, Stanford and M.I.T. started three companies to provide Massive Open Online Courses, or MOOCs, to anyone in the world with an Internet connection. The courses were free. …

Mar/05/2015 - 7:21pm

Career College Central Summary:

A new report by the New York Federal Reserve Bank seems to be saying that America’s household credit and debt are about as uneven as the nation’s economic recovery. A new economic analysis found fewer foreclosures, bankruptcies and credit card delinquencies. However the rates of delinquent auto and student loans …

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