Week in Review

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 …

Dec/16/2014 - 9:55pm

Career College Central Summary:

Claims that the for-profit education company Apollo Group inflated its worth with lies and sketchy recruitment tactics failed to impress the 9th Circuit on Tuesday.

 The ruling comes more than four years after the U.S. General Accountability Office embarrassed 15 for-profit colleges with a report detailing how they encouraged undercover investigators posing as …

Dec/16/2014 - 9:51pm

Career College Central Summary:

In his greatest poem, writing just years before the American Revolution, Oliver Goldsmith lamented the disappearance of small villages from British life. While not yet “deserted villages,” many college campuses are teetering, barely staying solvent. Using the bon mots du jour, colleges are “learning communities” whose vitality depends on having students.

The reality …

Dec/16/2014 - 9:46pm

Career College Central Summary:

Check out the important issues the hardest working person in Congress tackled in the past week alone:

1. Attempting to Extract Wall Street from Pending Legislation

Last week, some dubious legislation got tacked onto a trillion dollar spending bill. The legislation, having little to do with the spending bill itself, is designed to weaken …

Dec/15/2014 - 9:42pm

Career College Central Summary:

The U.S. Consumer Financial Protection Bureau announced Thursday that it was taking legal action against two companies offering to help students take advantage of federal loan benefits that officials said amounted to a “scam.”

The bureau said the companies engaged in predatory practices by overpromising the help they could provide borrowers and illegally …

Dec/15/2014 - 9:33pm

Career College Central Summary:

Twenty-five colleges have signed up for an alternative-credit program created by the American Council on Education and financed by the Bill & Melinda Gates Foundation, the council announced on Monday.

As part of the pilot program, announced in September, students can complete courses from a designated list of about 100 and then earn …

Dec/15/2014 - 9:28pm

Career College Central Summary:

t is that time of the year when we tend to pause and reflect. What have we achieved this year? What are the highlights of culture, business, technology, and trends that we have observed around us?

For me, the most exciting and positive movement at present is in the domain of technology impacting …

Dec/15/2014 - 9:22pm

Career College Central Summary:

In the 2011-12 school year, 4.8 million undergraduate college students in the US had dependent children, according to a report from The Institute for Women’s Policy Research, based on US Department of Education data.

About 71% of college students who are parents are mothers; about 43% of student parents are single mothers; 2011-12 …

Dec/14/2014 - 8:37pm

Career College Central Summary:

Right now in Massachusetts, for-profit colleges are facing big questions, new regulations and lawsuits. The state attorney general is investigating about 12 of them — amid charges of low graduation rates and deceptive sales tactics that leave too many students mired in debt.

Consider the case of Mike DiGiacomo. He’s an Army veteran …

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