Servicemembers At Failing For-Profit Schools Not Protected By Veterans Affairs

Servicemembers At Failing For-Profit Schools Not Protected By Veterans Affairs

When a for-profit college closes its doors, students are often left with hefty student loan tabs and little recourse. Some of those borrowers may be eligible for a discharge of their debts through the Dept. of Education, but others – like the thousands of veterans who used their GI Bill benefits to finance their education – are simply out of luck, often losing their chance to obtain a degree, thanks in part to failures within the Department of Veterans Affairs. [More]

Prisoners Will Soon Be Eligible For Pell Grants To Finance Education

Prisoners Will Soon Be Eligible For Pell Grants To Finance Education

Twenty years after passing a law that banned prisoners from financing higher education with federal grants while incarcerated, the government is ready to begin investing in the education of inmates. [More]

When Comparing Colleges, It Would Help To Know If A School Is Under Investigation

When Comparing Colleges, It Would Help To Know If A School Is Under Investigation

Many consumers thinking of pursuing a higher education weigh the pros and the cons of a specific college: tuition, convenience, available areas of study. Last month, the Department of Education announced it would make the college shopping experience a little easier for prospective students by creating a consumer-facing online college comparison system. While the tool will no doubt be helpful, consumer advocates warn that, as it stands, the system will be missing a vital information: whether or not schools are party to investigation, lawsuits or settlements over harmful and deceptive practices. [More]

CFPB Releases Educational Guides To Help Non-English Speakers Avoid Scams, Understand Financial Issues

CFPB Releases Educational Guides To Help Non-English Speakers Avoid Scams, Understand Financial Issues

Understanding the world of finance can be difficult for just about anyone in this country, but especially so when the rules of the industry are written in a language that you might not be proficient in. For these consumers, the Consumer Financial Protection Bureau has created a new set of guides aimed at helping them avoid financial devastation. [More]

House, Senate Introduce Legislation To Cover The Cost Of Community College

House, Senate Introduce Legislation To Cover The Cost Of Community College

Back in January, the White House proposed a plan to help offset the increasing cost of higher education for millions of prospective students: Offer free community college. Yesterday, companion bills introduced in the House and Senate take that idea and make it a reality. [More]

Oregon Becomes Second State To Offer Free Tuition To All Graduating High School Students

Oregon Becomes Second State To Offer Free Tuition To All Graduating High School Students

Thousands of recent high school graduates in Oregon now have the chance to attend community college without the worry of accumulating loads of debt they may never be able to pay back, as lawmakers in the state recently approved a bill to establish the second program in the country to offer students help in paying for college. [More]

(Lisa Brewster)

New Jersey Legislation Would Create Student Loan Lottery To Let You Gamble Away Your Debt

While lottery proceeds may do an awful lot of good for state coffers, the odds of winning are microscopically small, and anyone who has lived in a poverty-stricken neighborhood has likely seen people who can’t afford to lose any money throwing away what little they have on a nose hair’s chance that they might win something. So why not apply that same model to the $1 trillion student loan debt problem? [More]

Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again

Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again

Legislators continued their crusade to rein in the abuses of predatory for-profit college institutions by introducing a measure today that would close a funding loophole that often led the schools to target certain consumers in order to pad their bottom line. [More]

Health Insurer Anthem Offering Employees Free College

Health Insurer Anthem Offering Employees Free College

What do Fiat Chrysler, Starbucks and health insurer Anthem have in common? As of today, they each offer to foot the bill for their employees to attend college. [More]

(bluwmongoose)

Executives For The World’s Largest Diploma Mill Arrested

Less than two weeks after an investigative report detailed how a Pakistan-based IT company allegedly raked in millions of dollars a month by selling bogus diplomas, degrees and certifications through a series of fake websites and forceful sales calls, authorities in the country say they’ve arrested the chief executive of Axact. [More]

Ashworth College agreed to settle charges it misled students.

For-Profit Educator Ashworth College Settles FTC Charges It Misrepresented Career Opportunities, Transfer Credits

Federal regulators’ crackdown on the for-profit education industry continued today as Georgia-based Ashworth College agreed to settle Federal Trade Commission charges the company misled students about career training and credit transfers. [More]

California Suspends GI Bill Eligibility For ITT Tech

California Suspends GI Bill Eligibility For ITT Tech

Thousands of California students planning to use veterans benefits to enroll at ITT Technical Institute campuses will need to find other means of financing their education after the state’s Department of Veterans Affairs suspended ITT Educational Services’ eligibility for GI Bill funding. [More]

(rayovolks)

10 Things We Learned About The World’s Largest Diploma Mill

Earning a diploma can take years, but some people simply don’t have the time. For that reason, companies have been cropping up year after year offering consumers the chance to obtain a diploma, degree or certification in exchange for hundreds – and sometimes thousands – of dollars. A new report from the New York Times details how one company allegedly rakes in millions of dollars a month by selling those bogus documents though a series of fake websites and forceful sales calls. [More]

(Dustin Michelson)

PRO Students Act Aims To Protect Students From For-Profit Colleges’ Bad Behavior

It’s difficult to go a month or even just a few weeks without hearing of another for-profit college being under investigation for unscrupulous practices, such as inflated job placement rates and pushing students into costly student loans. New legislation announced today aims to curtail the number of investigations we hear about by protecting students from predatory, deceptive, and fraudulent practices in the for-profit college sector, before they even enroll. [More]

(Ken Fager)

Digital Privacy And Parental Rights Act Would Put Restrictions On The Use Of Student Data Online

Students are more dependent than ever on technology and the Internet for their education, but those same apps and online learning tools that help educate them could be putting their personal information at risk if shared improperly. Nearly a month after it was first expected, a pair of U.S. representatives have introduced a bill aiming to restrict third-party use of students’ sensitive personal data. [More]

LinkedIn Jumping Into The Education Business (Kind Of) With $1.5B Purchase Of Lynda.com

LinkedIn Jumping Into The Education Business (Kind Of) With $1.5B Purchase Of Lynda.com

Human resources and professional networking site LinkedIn appears to be broadening its horizons by way of a little education. The company announced today that it struck a deal to buy online career-skills education company lynda.com for about $1.5 billion. [More]

(Alan Levine)

CFPB Launches Effort To Bring Financial Education To Schools

While it’s never too late to become financially literate, it certainly helps if you start early. That’s why the Consumer Financial Protection Bureau is launching a national effort to improve financial education in schools.

[More]

(Michael Sauers)

Starbucks Expands Tuition Reimbursement Program To Cover Four Years Of Online Schooling

After more than 2,000 Starbucks workers headed to college through the company’s tuition reimbursement program with Arizona State University, the mega-coffee company announced it wouldn’t leave those student high-and-dry after just two years. Now, the company plans to expand the offering to cover a full four years of tuition at the college for eligible employees. [More]