Week in Review

Feb/12/2015 - 8:50pm

Career College Central Summary:

"There are more black men in jail than in college."

Ivory A. Toldson — Howard University professor, senior research analyst for the Congressional Black Caucus Foundation, and deputy director of the White House Initiative on HBCUs — called this, in a 2013 column for the Root, "the most frequently quoted statistic about black …

Feb/12/2015 - 8:46pm

Career College Central Summary:

President Obama’s proposal to make community college free was another blow to for-profit higher education providers, according to a recent Forbes article that analyzed the for-profit sector's deep troubles, and a further decline in stock prices after the announcement. In Minnesota, the state Senate's DFL majority leadership also recently proposed free tuition …

Feb/12/2015 - 8:42pm

Career College Central Summary:

Community college leaders arrived here this week for their annual legislative at a time when the political chattering about their institutions appears to be at a fever pitch.

Public two-year colleges, which are scattered across nearly every Congressional district, have long enjoyed bipartisan support, if not necessarily funding,in Washington. But President Obama’s free …

Feb/12/2015 - 8:38pm

Career College Central Summary:

Kroton Educacional SA led a rally in Brazilian education companies as investors awaited an announcement on student loans after the government made them harder to get at the end of last year.

Shares of the world’s biggest for-profit college operator jumped 14 percent to 10.99 reais at the close of trading in Sao …

Feb/12/2015 - 12:49am

Career College Central Summary:

Higher education companies in Brazil are lobbying the government to rescind new rules on financial aid that they fear will stop students enrolling on private courses.

A federal decree that was quietly published during the Christmas period tightened the criteria for the Student Financing Fund (FIES), one of the federal government’s two key …

Feb/12/2015 - 12:46am

Career College Central Summary:

Students who were bilked into taking abusive high-interest student loans out from a leading for-profit college company will get some significant relief, the Consumer Financial Protection Bureau (CFPB) announced Tuesday. A total of $480 million in debt will ultimately be forgiven under the arrangement and 40 percent of the amount will be …

Feb/12/2015 - 12:37am

Career College Central Summary:

Corinthian Colleges Inc., the troubled Santa Ana for-profit college operator, is likely to be delisted from the Nasdaq stock exchange by next week, according to company disclosures.

Corinthian, which has been on a downward spiral since the federal government restricted funding last June, has failed to file its last three required financial reports …

Feb/12/2015 - 12:32am

Career College Central Summary:

President Barack Obama deserves credit for bringing the conversation about access to higher education to a new level with his proposal to cover tuition for community college students. Until recently, the notion of "free college for all" was absent from the national agenda. But the idea is now generating interest among policymakers.

To …

Feb/10/2015 - 8:03pm

Career College Central Summary: 

DeVry Education Group reported lower than expected results for the second quarter of 2015 on Thursday, with net income falling $5.8 million to $42.4 million.

Performing particularly well for the for-profit college operator was the Medical and Healthcare segment, which saw revenue grow 12.4% over the previous year to $214 million in the …

Feb/10/2015 - 7:33pm

Career College Central Summary:

The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education (USDE) announced Tuesday, February 3rd, that it will be providing $480 million in private student loan forgiveness for borrowers who took out loans from Corinthian College. These federal agencies are correcting a massive predatory lending scheme conducted by Corinthian College. …

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