The struggle to protect students from potentially harmful for-profit college chains continued today as Illinois Senator Dick Durbin urged the Department of Education to investigate the business practices of three of the country’s largest propriety education companies – ITT Educational Services, Career Education Corporation, and Education Management Corporation. [More]
Career Education Corporation
Two Major For-Profit Education Chains Announce Closures, Sales Of Dozens Of Campuses
By 5.7.15
The for-profit education sector is getting a bit smaller after two of the largest proprietary college chains – Career Education Corporation and Education Management Corporation – revealed plans to close or sell dozens of campuses across the country. [More]
List Of Transfer Schools For Corinthian College Students Includes Other For-Profit Chains Under Investigation
By 4.28.15
Just because students who attended the now closed Everest University, Heald College or WyoTech campuses can’t finish their college career with Corinthian Colleges Inc., doesn’t mean they can’t finish their education somewhere else. For student who would prefer to transfer to a similar program rather than receive a refund, the Department of Education has provided a list of viable colleges. But that list has quickly garnered criticism from lawmakers because it includes other for-profit education institutions under scrutiny. [More]
For-Profit College Enrollment Is Down Following Scandals & School Failures
By 3.31.15
With increasing scrutiny from lawmakers, regulators, consumer advocates and the general public, the past five years have been hard on a for-profit college industry that had enjoyed years of happily feeding at the federal student aid trough. There have been changes to schools’ often excessive advertising budgets, damning reports of abuse, and soon-to-be-implemented rules requiring for-profit programs to demonstrate their effectiveness. The fractures in a business model that has attracted some of the biggest names in investment have become more evident, especially when comparing previously robust enrollment numbers with the most recent figures. [More]
