Week in Review

Dec/23/2014 - 7:46pm

I think we can all agree, 2014 was a very tough year on the sector.

With 2015 getting closer, Career College Central wants to wish you Happy Holidays and we all look forward to a better 2015.

Thank you for letting us be a part of your story!

The Career College Central daily newsletter will return …

Dec/23/2014 - 7:37pm

Career College Central Summary:

Career Education Corp. is putting its Le Cordon Bleu North America colleges of culinary arts up for sale, the University Herald reported.

Selling the culinary college will allow the company to spend more on its 80 or so other higher education schools, which include American InterContinental University, Brooks Institute, Harrington College of Design, …

Dec/23/2014 - 7:32pm

Career College Central Summary:

Student loan servicer ECMC Group promised a new deal when it bought 56 of the 107 Corinthian College campuses for $24 million last month and said that it was looking to “help students” with this acquisition. But the reality that may surface later is that they will adopt some of the exploitive …

Dec/23/2014 - 7:26pm

Career College Central Summary:

The federal government doles out roughly $100 billion in student aid each year in the form of Pell grants and subsidized student loans. In order to accept that money from the Department of Education, colleges and universities must receive a stamp of approval from independent, federally recognized accreditors.

Yet while financial aid for …

Dec/22/2014 - 7:00pm

Career College Central Summary:

For-profit colleges depend largely on federal economic aid to survive. For years, the schools have been fighting stricter rules that would reduce off their access to federal income based on how most of their students fare after they leave college. The Department of Education currently released a final set of new measures …

Dec/22/2014 - 6:55pm

Career College Central Summary:

Traders are positioning for a short squeeze in ITT Educational Services. 

optionMONSTER's Heat Seeker system detected the purchase of about 2,100 April 13 calls for $1.44 on Friday. Volume was more than 40 times the previous open interest in the strike, which indicates that this is fresh buying. 

These long calls give traders the …

Dec/22/2014 - 6:51pm

Career College Central Summary:

Evan Mikowski isn't sure he'll become a paramedic after all.

That's because the school he was attending to earn his paramedic certification, Florida Medical Training Institute, shut its doors before he could graduate.

FMTI is a subsidiary of Lincoln Educational Services, a New Jersey company that owns for-profit colleges that provide associate and technical …

Dec/22/2014 - 6:44pm

Career College Central Summary:

Education officials in the Obama administration have decided a large and notorious chain of for-profit colleges should continue to operate instead of shutting down—although the new owner is a debt collection company with no experience running schools and has its own shady past.

Santa Ana-based Corinthian Colleges, described by Republic Report’s David Halperin …

Dec/21/2014 - 10:02am

Career College Central Summary:

A national advocacy group is urging Gov. Jay Inslee to start an investigation of the six Washington campuses in the for-profit Corinthian College chain as a way to protect Washington students enrolled in the schools.

But the state agency that regulates private career colleges says it has received no valid complaints about the …

Dec/21/2014 - 9:57am

Career College Central Summary:

The Education Department released long-awaited details on a plan to hold colleges accountable for their performance on several key indicators, and officials said they'll be seeking public comment on the proposals through February.

"As a nation, we have to make college more accessible and affordable and ensure that all students graduate with a …

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