Week in Review

Feb/17/2015 - 7:20pm

Career College Central Summary:

Despite rumblings from the new Congress about reining in the Consumer Finance Protection Bureau (CFPB), the Bureau has indicated a packed agenda for 2015. Following an aggressive push in 2014, the attention of the CFPB continues to expand to the areas of payday loans, debt collection, student loans, overdraft protection and even …

Feb/17/2015 - 7:15pm

Career College Central Summary:

A state education board found Monday that high percentages of students drop out of private for-profit colleges in Wisconsin.

The Educational Approval Board reported that from 2012-’13, over 36 percent of the 46,634 students enrolled in for-profit institutions like Rasmussen College and the University of Phoenix dropped out of school.

As a part of …

Feb/16/2015 - 7:31pm

Career College Central Summary:

The number of students taking online courses continues to climb, albeit at the slowest rate in more than a decade, according to a report released today.

About 5.3 million students took at least one online course in fall 2013  – up 3.7 percent from the previous fall, according to "Grade Level: Tracking Online …

Feb/16/2015 - 7:28pm

Career College Central Summary:

The United States Department of Education believes some for profit colleges, schools that serve non-traditional students, aren't making the grade. 

They've introduced new standards to weed out the underachievers in hopes it helps graduates pay off student loans. But what do the regulations mean for schools and students in North Alabama?

The government calls …

Feb/16/2015 - 7:23pm

Career College Central Summary:

A new report from the Pell Institute, Indicators of Higher Education Equity in the United States, highlights the socioeconomic disparities in higher education over a 45-year period.

Staff writer Joe Martin spoke with Margaret Cahalan, one of the authors of the report, about what might be causing the stunted enrollment of low-income students …

Feb/16/2015 - 7:18pm

Career College Central Summary:

It started as a way to help veterens re-enter the civilian workforce after World War II by providing low-interest loans and tuition assistance. Sixty-four years after it was first implemented, the GI bill underwent a major transformation, expanding to pay for even more of the cost of education. Now, the money designed …

Feb/15/2015 - 2:28pm

Career College Central Summary:

Graham Holdings, formerly the parent company of The Washington Post, has agreed to sell 38 physical campus operations of its Kaplan education business to Education Corporation of America, a Birmingham, Ala.-based operator of private accredited colleges in the United States.

The deal, made public Thursday in a Securities and Exchange Commission filing, includes …

Feb/15/2015 - 2:22pm

Career College Central Summary:

The California Student Aid Commission has halted funding for Heald College after the for-profit chain failed to provide required documents demonstrating that it is financially stable.

The decision affects 4,497 students at Heald’s 10 campuses in Northern California and the Central Valley who receive Cal Grant scholarship awards, according to commission spokeswoman Patti …

Feb/15/2015 - 2:18pm

Career College Central Summary:

Student loan debt collection company ECMC has just begun its takeover of 56 campuses of the failed, predatory for-profit Corinthian Colleges. But already, assurances from both federal government officials and ECMC itself regarding protections for students in the deal appear to have been highly misleading. A brand-new Everest College enrollment agreement, seen …

Feb/15/2015 - 2:13pm

Career College Central Summary:

With states seeking to restore financial order, budget woes at public universities may be reaching a tipping point.

Lawmakers in South Carolina are pushing for a temporary shutdown of South Carolina State University, hoping to give the 119-year-old school a clean slate. In Ohio, where schools face the possibility of reduced funding, Gov. …

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