Week in Review

Dec/21/2014 - 9:44am

Career College Central Summary:

At a time when higher education is being pumped as a necessary objective if one is to earn a decent wage, Obama administration and the U.S. Department of Education has come up with the idea that education needs a national federal college rating system. As usually with this administration details have been …

Dec/18/2014 - 9:33pm

Career College Central Summary:

The Obama administration will soon publish its plan to rate more than 6,000 colleges nationwide based on the value they provide to students and to society.

The goal is to steer billions in federal financial aid toward the colleges that rate highly — and to yank funds from those that fail to meet …

Dec/18/2014 - 9:28pm

Career College Central Summary:

Provide opportunities for a fresh start

The Higher Education Act allows students to discharge their federal loans if their college closed before they finished their program and they were unable to transfer elsewhere. But since the Corinthian campuses would not close under ECMC, students would be denied that fresh start option.

Because the discharge …

Dec/18/2014 - 9:21pm

Career College Central Summary:

Income inequality has been a dominant topic of debate in recent months and will likely influence the coming presidential race. A common argument advanced by fans of inequality economist Thomas Piketty is that, relative to Europe, income inequality in the United States is undermining the economic opportunities of low-income Americans. Yet noticeably …

Dec/18/2014 - 9:16pm

Career College Central Summary:

For decades, there’s been an unwritten rule that if you want a good job, you need a diploma from a four-year college. But with the cost of a post-secondary education continuing to outpace inflation year after year, students and their parents may want to pay extra attention to how they go about …

Dec/17/2014 - 5:40pm

Career College Central Summary:

Over the past five years, states have been overhauling how they fund public colleges and universities, tying revenue to student performance instead of enrollment. The goal is to motivate schools to improve the education they provide to students. But in reality, performance-based funding has undermined some colleges’ ability to do just that. …

Dec/17/2014 - 5:33pm

Career College Central Summary:

Pushing public colleges and universities to increase graduation rates has become a key objective for President Obama and California Gov. Jerry Brown, among others, as they seek to hold higher education institutions more accountable.

Encouraging students to get their degrees in four years rather than five or six — and, for community college …

Dec/17/2014 - 5:26pm

Career College Central Summary:

Activists have turned to state governors in a battle over the fate of students at Corinthian Colleges, the massive for-profit college chain that is in the process of being shuttered by the federal government.

In letters written to six state governors, released today and provided exclusively to BuzzFeed News, the Center for American …

Dec/17/2014 - 5:22pm

Career College Central Summary:

Corinthian Colleges Inc. (COCO:US) students will be hurt by the planned sale of 56 campuses to college-loan debt collector Educational Credit Management Corp., consumer and legal advocates said.

ECMC’s planned purchase doesn’t give students the option of discharging their debt if they leave their programs, even though multiple federal and state agencies have …

Dec/16/2014 - 9:59pm

Career College Central Summary:

Unsealed documents from a 2011 whistleblower lawsuit lay out a system of alleged financial aid fraud by EDMC, a financially troubled for-profit college operator that owns the massive Art Institutes chain, which includes falsifying federal financial aid documents and tricking veterans into taking out excess loans.

The allegations add a new dimension to …

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