Many for-profit college chains recruited students through ads touting exceedingly high job-placement rates, but as we’ve seen from the recent collapses of chains like Corinthian Colleges Inc. and ITT Tech, those placement statistics can be artificially inflated. This week, for-profit educator DeVry Education Group agreed to be more honest and transparent about the job-placement claims in its ads and recruitment materials. [More]
Education
![Ben Balter](../../../../consumermediallc.files.wordpress.com/2014/07/textbook.jpg?w=300&h=225&crop=1)
Digital Textbook Codes Mean No Selling Used Books, Higher Prices
While the price of course materials has fallen overall, there’s one specific course material that’s pricey and possibly unexpected. Digital content codes give students access to materials like quizzes, study materials and digital-only extra books, but much like digital music or ebooks, they can’t be exchanged or resold. That means publishers set the price, and there’s no secondary market. [More]
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Amazon No Longer Marketing Private Student Loans To Prime Members
Just a month after Amazon announced it would partner with Wells Fargo to offer Prime members a discount on private student loans, nearly all traces of the criticized program have disappeared. [More]
![For-Profit College Operator Sues Feds After Non-Profit Status Rejected](../../../../consumermediallc.files.wordpress.com/2016/08/collegeamerica.png?w=300&h=225&crop=1)
For-Profit College Operator Sues Feds After Non-Profit Status Rejected
Earlier this month, the Department of Education denied non-profit status to a chain of for-profit career colleges, accusing the schools’ operators of trying to avoid accountability with the switch. This week, the Center for Excellence in Higher Education fired back, suing the Department, alleging the government has a political agenda of putting career schools out of business. [More]
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California Bars ITT Tech From Enrolling New Students
A day after federal regulators barred ITT Education Services from enrolling new students using financial aid at its ITT Technical campuses, a California regulator prohibited the education operator from enrolling all new students at its 15 schools in the state. [More]
![ITT Tech Banned From Enrolling New Students Using Federal Financial Aid](../../../../consumermediallc.files.wordpress.com/2015/09/ittad.png?w=300&h=225&crop=1)
ITT Tech Banned From Enrolling New Students Using Federal Financial Aid
And just like that the foundation of ITT Education Services is beginning to crumble. Today, the Department of Education took a series of actions that bans the company behind the for-profit chain of ITT Technical Institutes from enrolling new students using federal financial aid funds. [More]
![Feds: For-Profit College Chain Can’t Switch To Non-Profit To Avoid Accountability](../../../../consumermediallc.files.wordpress.com/2016/08/collegeamerica.png?w=300&h=225&crop=1)
Feds: For-Profit College Chain Can’t Switch To Non-Profit To Avoid Accountability
The Department of Education has denied non-profit status to a chain of for-profit career colleges, accusing the schools’ operators of trying to avoid accountability.
[More]
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NJ Student Loan Agency Tells Staff To Only Offer Help When Explicitly Asked
You probably wouldn’t be surprised to learn that your cable company has perks or discounts it will only reveal when asked, but you’d hope a government agency wouldn’t deliberately hide a program intended to help families struggling to pay off student loan debts of a deceased loved one. [More]
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New Guidelines Aim To Improve Customer Service, Enhance Protections On Federal Student Loans
The fact that two-thirds of college-bound students who take out loans to finance their higher education have little to no idea what they’re agreeing to, doesn’t mean these borrowers shouldn’t receive adequate protection from unscrupulous loan servicing companies. New guidelines from a pair of federal agencies are aimed at ensuring student loan borrowers get the service and protection they deserve. [More]
![Former Corinthian College Students Sue To Have Private Loans Discharged](../../../../consumermediallc.files.wordpress.com/2014/11/everest.png?w=300&h=225&crop=1)
Former Corinthian College Students Sue To Have Private Loans Discharged
As the Department of Education is working to wipe away millions of dollars in federal loans owed by former students of now-defunct Corinthian College Inc. schools, some former students continue to receive monthly bills for private loans they took out in order to attend the for-profit colleges. Now one former Corinthian student has filed a federal class action against the financial firms that currently hold the private student loans. [More]
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For-Profit Educator Bridegepoint Education Under Investigation Over Federal Funding
Bridgepoint Education, the operator of for-profit colleges Ashford University and the University of the Rockies, added its name to the long list of higher education companies to find themselves on the receiving end of a federal investigation, as the Department of Justice has opened a probe into the organization’s federal student aid funding. [More]