Federal Lawsuit Claims For-Profit College Group Misled Students, Falsified Documents

Federal Lawsuit Claims For-Profit College Group Misled Students, Falsified Documents

We’ve heard horror stories about some for-profit colleges from students: the false promise of gainful employment after completing a short program at the cost of thousands of dollars. Now come claims from former employees about alleged fraud carried out by officials at a for-profit college group thanks to a federal lawsuit. [More]

Busting The Myth That Fine-Arts Degrees Lead To The Poorhouse

Busting The Myth That Fine-Arts Degrees Lead To The Poorhouse

There’s a widely held conception that people who earn degrees in the fine arts — painting, sculpture, dance, music, theater, among others — are throwing money away on a degree that can reap no long-term benefits. But the fact is that a fine-arts degree is no real hindrance to making a decent living in the real world. [More]

Fewer Than Half Of Federal Student Loans Currently Being Repaid

Fewer Than Half Of Federal Student Loans Currently Being Repaid

It’s scary enough to think that the federal government has around $1 trillion in student loan money out there waiting to be repaid. More frightening is the fact that not even half that amount is currently being paid back. [More]

Where Public High School Costs $600, Including A Mandatory Chromebook

Where Public High School Costs $600, Including A Mandatory Chromebook

It’s not unusual to see public schools that charge students for extracurriculars or sports, but we were surprised to see this bill from an Illinois school district where it costs $586 to enroll in tenth grade, including $300 for a Chromebook. [More]

(steakpinball)

Jury Awards Former Student $13 Million In Lawsuit Against For-Profit College

One of the more common complaints against for-profit colleges is that the institutions make promises to prospective students about job placement and salary that the schools don’t make good on. A woman in Missouri recently sued one such for-profit school, saying it misled her about its medical assistant program. She had been seeking somewhere between $2-4 million in damages, but the jury went ahead and awarded her $13 million. [More]

Given that fewer than 60% of college students obtain a degree in six years, some people may be throwing money away -- and piling on student loan debt.

Why College Isn’t Always A Good Financial Investment

There’s no doubt that the average college graduate earns more than the average worker with only a high school diploma, but a new report shows that it may not always make financial sense to invest in a degree. [More]

(afagen)

Some For-Profit Colleges Taking “Unlimited Data Plan” Approach To Tuition

A number of recent studies have cast a negative light on the for-profit college industry. A disproportionate number of students are not graduating or unable to find jobs that pay enough to allow them to repay their student loans. With so many people concerned that these schools might be debt traps, some programs are taking a new approach to tuition. [More]

(joelgoodman)

Study: Women Earning Less Than Men Immediately After Graduating College

For anyone who thinks that the pay gap between men and women is something that doesn’t begin until later in their careers, or that this salary disparity is a disappearing relic of a bygone era, a new study claims that within one year of graduating from college, women are only earning 82% of what their male counterparts are making. [More]

(Flyinace2000)

Minnesota Says No To Free Online College Courses

A new trend has popped up on the education radar lately — free online classes anyone from anywhere can take to learn about a plethora of subjects. It’s known as MOOC — massive open online courses, and Coursera is one of the big names out there offering a variety of learning material. But the state of Minnesota is miffed because the universities offering classes through Coursera didn’t get permission to operate there, prompting the company to change its terms of services for customers in that state. [More]

112 U. of Phoenix locations will remain

University Of Phoenix Not Exactly Rising From Ashes, To Close 115 Locations

With enrollment and revenue declining, the University of Phoenix announced yesterday that it will close about half of its physical locations around the country in an effort to save $300 million.

The closed locations includes 90 learning centers and 25 campuses, accounting for a total of 13,000 students. This will leave 112 Phoenix locations in 36 states. [More]

(D. Michelson)

Amazon Makes A Push To Get Kindles Into A Very Lucrative Market — Schools

Let’s see… where is a place with a captive audience that will always involve reading books, paper or otherwise, that will also need to keep updating its tools as the years go by? Oh yes, schools. They’re quite an attractive market for the makers of tablet and e-readers, and now Amazon is making a big push to make sure Kindles are the technology of choice in schools. [More]

Fed Chair Bernanke: Smart Consumers Are Good For The Whole Economy

Fed Chair Bernanke: Smart Consumers Are Good For The Whole Economy

Too often when people talk about being a good consumer or being educated about financial matters, the big picture is ignored in favor of images of individual wealth and well-being. But Federal Reserve Chairman Ben “It rhymes with stanky” Bernanke says that it’s really in everyone’s best interest for us to be smart about what we do with our money. [More]

Build Your College Fund With Your Kid, Not Just For Him

Build Your College Fund With Your Kid, Not Just For Him

If you harbor a dream of your child graduating from college without being buried in student loan debt, you’re probably going to have to save up a heck of a lot of money for the cause. The earlier you start saving, the more you’ll be able to contribute. But it’s important that you get your kid in on the effort. [More]

Apple Really Pushing iPads As The Future Of Textbooks

Apple Really Pushing iPads As The Future Of Textbooks

Textbooks suck. They’re pricey, heavy, often outdated and they don’t play videos or music. The folks at Apple have been pushing possible educational aspects of the iPad since its release, but today the company went hogwild on the topic, introducing both a new version of its iBooks e-reader app and an app to help anyone create truly interactive books on the fly. [More]

Some Private Colleges Are Actually Lowering Tuition

Some Private Colleges Are Actually Lowering Tuition

As everything else seems to be getting more expensive, including the cost of education at most colleges, there are a few places of learning actually cutting the price of tuition for those who want a private school experience. [More]

White House Announces Plan To Cut Some Student Loan Payments

White House Announces Plan To Cut Some Student Loan Payments

The Obama administration has announced two initiatives to lower student loan payments for some borrowers. One, an update to the existing income-based repayment program, will cap loan payments at 10% of discretionary income for certain borrowers. The other proposal will let some borrowers merge older student loans with newer ones. [More]

20 Colleges Costing Over $55,000 A Year Total

20 Colleges Costing Over $55,000 A Year Total

In 2007, there was only one college that had a total cost of over $50,000. Now, there are twenty that cost over $55,000. Here they are. [More]

This UPS Driver Needs A Review Of The ABCs

This UPS Driver Needs A Review Of The ABCs

It’s not that the UPS delivery driver who brought George’s wife’s Avon order to their apartment is stupid. He just has a very poor understanding of how the alphabet works. That’s the only explanation for why he brought the package to vacant apartment A instead of George’s apartment C, and how the package later ended up re-routed to another woman in a different town. Clearly letters are just symbols without meaning. [More]