thisisbossi

Student Loan Debt For Recent College Graduates Increases Again, Now At $30K

With college tuition continuing to increase, it probably won’t surprise many people to learn that college graduates are leaving school burdened with more loan debt. According to a new report, the average amount of student loan debt for new graduates has passed $30,000 for the first time. [More]

Amazon

Cheap Prime, On-Campus Kiosks Meant To Get College Students Hooked On Amazon

How do you get newly minted adults hooked on your service for life? If you’re Amazon, the secret is to provide them with everything that they need at a discount, and deliver it as quickly as possible. The combination of discounted Prime service and easy on-campus pickup is meant to hook college students on Prime during their formative years, and it’s turning out to be very effective. [More]

Ben Balter

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]

DeVry Education Group Will Limit How Much Federal Aid Its Schools Accept

DeVry Education Group Will Limit How Much Federal Aid Its Schools Accept

The so-called 90/10 rule says that for-profit colleges can’t derive more than 90% of their revenue from federal financial aid. In the wake of the collapse of ITT Tech, which had to shutter after the government clamped down on its access to federal funds, the DeVry chain of for-profit schools says it will cap the amount of federal aid it receives at levels below what the rules require. [More]

Former ITT Employees Sue Over Sudden Closures

Former ITT Employees Sue Over Sudden Closures

While it was no doubt a shock for 40,000 ITT Technical Institute students to learn they no longer had a place to pursue their education, 8,000 employees of the company also lost their jobs. Now some of those laid-off workers have sued for-profit operator ITT Educational Services for failing to give them adequate notice their jobs would be eliminated.  [More]

Loan Discharges, Transferring Credits: What ITT Tech Students Need To Know

Loan Discharges, Transferring Credits: What ITT Tech Students Need To Know

Nearly 40,000 now-former ITT Technical Institute students are now left picking up the pieces after the for-profit college operator abruptly closed all 130 of its campuses this week. The Department of Education wants to help those students to be aware of all options — and to avoid getting pulled in by shady offers that are too good to be true.
[More]

ITT-Owned Daniel Webster College Also In Peril Of Losing Accreditation

ITT-Owned Daniel Webster College Also In Peril Of Losing Accreditation

Only days after beleaguered ITT Tech ceased enrolling new students over financial concerns and the possible loss of accreditation, another for-profit educator owned by ITT’s parent company has also revealed that its future may be in peril. [More]

For-Profit College Operator Sues Feds After Non-Profit Status Rejected

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]

Ann Fisher

Retailers Trying To Lure College Customers Now So They’ll Become Lifelong Shoppers

Often when a shopper is loyal to a brand, product, or company, it’s simply because they have a long history with it. That’s why retailers are trying to hook college-age students now — even before full-time jobs bring them a disposable income — in the hopes that they’ll become lifelong shoppers. [More]

bluwmongoose

Here’s What You Should And Shouldn’t Bother To Buy For College

It’s back-to-school season, when stores stack their aisles high with folding chairs and mini-fridges meant for students heading to college or back to college. What do you actually need, though, and how should you shop for it? What should you spend a lot on, and what can you leave behind? Our colleagues down the hall at Consumer Reports have some ideas about what new students should shop for, and how to shop for it. [More]

For-Profit ITT Expects New Student Enrollment Will Drop By Up To 60% This Fall

For-Profit ITT Expects New Student Enrollment Will Drop By Up To 60% This Fall

Facing multiple lawsuits, the possible loss of its accreditation (from an accrediting body that is in trouble on its own), and demands from federal regulators that it have enough cash on hand to cover losses in case things do collapse, ITT Educational Services now says it will likely see new student enrollment drop by up to 60% this year. [More]

For-Profit College Or Fictional School: Can You Tell Them Apart?

For-Profit College Or Fictional School: Can You Tell Them Apart?

When coming up with the name for a institution of higher learning, you often want to find that sweet spot where academia, history, and marketability meet; and you also have to make sure no one else is already using that name. [More]

Michael

Proposed Rule Stops Colleges From Stripping Students Of Their Right To Sue

A recent study found that almost all of the nation’s largest for-profit college chains have enrollment agreements that block students from suing the school and prevent them from joining in class actions against these colleges. Following the 2015 bankruptcy and collapse of mega-chain Corinthian Colleges Inc., the sagging numbers at University of Phoenix, last week’s death knell for Brown Mackie College, and pending investigations and lawsuits against ITT and others, the Department of Education has decided that maybe these schools — which reap billions in federal aid each year — should probably have to be held accountable in a court of law when they screw students over. [More]

Are You A Brown Mackie College Student Or Staffer? We Want To Hear From You

Are You A Brown Mackie College Student Or Staffer? We Want To Hear From You

This morning, for-profit educator Brown Mackie College announced it was gradually closing all but a few of its more than 25 campuses in 15 states. While we’ve seen what the school is telling students and employees about the situation, we want to hear directly from those who are most affected by this news. [More]

Is ITT Tech Headed For A Collapse? School Required To Set Aside Funds Just In Case

Is ITT Tech Headed For A Collapse? School Required To Set Aside Funds Just In Case

Trouble continues to mount for ITT Educational Services. The for-profit college operator behind the ITT Technical Institute chain, which is already under investigation by federal and state agencies for a slew of abusive and misleading practices, must now have enough money on hand just in case it’s forced to close its doors.  [More]

fblumongoose

Graduation Rates: The Telltale Sign Of Success Or Indicator Of Failure?

For millions of students, attending college is a means to a better life: more job prospects, and higher earnings over a lifetime. While students who enroll and graduate from an institution of higher learning often reach those goals — despite graduating with thousands of dollars in loan debt – millions of others never graduate and face mounting financial obstacles. [More]

20,000 For-Profit College Students Ask Education Dept. To Cancel Their Student Loans

20,000 For-Profit College Students Ask Education Dept. To Cancel Their Student Loans

As the fallout continues from the collapse of Corinthian Colleges Inc. — former operator of Everest University, WyoTech, and Heald College — the Department of Education is trying to sort through nearly 20,000 loan-forgiveness requests from former students who claim that CCI and other for-profit colleges misled them into taking out huge student loans. [More]

University Of Phoenix To Stop Stripping Students Of Their Right To Sue School

University Of Phoenix To Stop Stripping Students Of Their Right To Sue School

A recent study found that student enrollment agreements at virtually all of the nation’s biggest for-profit colleges have forced arbitration clauses that strip students of their rights to file a lawsuit against the school, and in most cases bar students from joining their similar or identical disputes together. Under pressure from lawmakers and consumer advocates who questioned how these schools could continue to take billions in federal aid while trying to avoid accountability in the courtroom, the nation’s biggest for-profit educator has decided to stop using the controversial arbitration clauses. [More]