Week in Review

Dec/14/2014 - 8:33pm

Career College Central Summary:

The Salter School will pay $3.75 million to settle allegations of misrepresenting job placement numbers and using deceptive enrollment tactics, Attorney General Martha Coakley said Friday in a news release.

The settlement will be used to pay down students' federal loans and nearly $250,000 in private loan relief and associated payments, according to …

Dec/14/2014 - 8:28pm

Career College College Summary:

Rising college tuition rates have many questioning the real value of a college education today, as well as how that value has changed. The cost of a college education, whether at a public or private institution, a community college, or a for-profit college, is not what it used to be. After the …

Dec/14/2014 - 8:21pm

Career College Central Summary:

Last week, President Obama convened a “Summit on College Opportunity.” The gathering at the White House focused on “supporting colleges to work together to dramatically improve persistence and increase college completion.” For his part, the President lamented that “higher education increasingly feels out of reach.”

True enough. Nationwide, college tuitions have increased 440 …

Dec/11/2014 - 8:13pm

Career College Central Summary:

On Wednesday, U.S. Senator Chris Murphy (D-Conn.) announced that he introduced the Students Before Profits Act to help protect students from deceptive practices and bad actors in the for-profit college sector. Drafted jointly with HELP Committee Chairman Tom Harkin (D-Iowa), the Students Before Profits Act will put power back in students’ hands …

Dec/11/2014 - 8:05pm

Career College Central Summary:

Despite the air of pomp and circumstance, higher ed can be a strange place sometimes —— and not always because of student antics. As it turns out, some situations only seem to become stranger when administrators are involved.

Campuses were no stranger to odd news in 2014, and from the Ivy League to …

Dec/11/2014 - 7:58pm

Career College Central Summary:

President Obama could be the first U.S. president since World War II to see college enrollments drop during his tenure, as new data shows that the number of students at the nation’s colleges continues to slide.

According to information released Wednesday by the National Student Clearinghouse, a nonprofit that collects academic data from …

Dec/11/2014 - 7:45pm

Career College Central Summary:

College students know disturbingly little about how much debt they're taking on—in fact, almost a third of students with federal debt don't know they have it at all, a new report shows. The least confused students are the very group characterized as the easiest prey for loan sharks: those at for-profit colleges. 

For …

Dec/10/2014 - 10:40pm

Career College Central Summary:

The Brazilian investment firm Bozano Investimentos has raised a new 800 million reais (about $309 million) private equity fund focused on the education sector, in another indication that some investors are looking beyond the country’s current economic travails.

The fund is more than double the size of the last fund the firm oversaw …

Dec/10/2014 - 10:32pm

Career College Central Summary:

Sen. Elizabeth Warren and other Senate Democrats are calling on the Department of Education to forgive the debt of thousands of students who attended the failing for-profit giant Corinthian Colleges, following the controversial sale of the school’s campuses to a student loan debt collector.

Lawmakers and student advocates have been critical of the …

Dec/10/2014 - 3:35pm

Career College Central Summary:

Thirteen U.S. Senate Democrats are pushing Education Secretary Arne Duncan to wipe out federal loans given to students who enrolled in a troubled for-profit college that’s being dismantled amid federal and state investigations.

Sen. Elizabeth Warren (D., Mass.) and 12 other Democrats, sent a letter Tuesday urging Mr. Duncan to “immediately discharge” federal …

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