MeneerDijk

Education Dept. Revokes Recognition Of Troubled Accreditor Of For-Profit Colleges

The accrediting body responsible for holding a large number of for-profit schools accountable — including the recently shuttered ITT Tech, and the now-bankrupt Corinthian Colleges — received some bad news this week. The U.S. Department of Education has terminated its federal recognition.  [More]

Dept. Of Education Offers Online Service For Students Stranded By ITT Shutdown

Dept. Of Education Offers Online Service For Students Stranded By ITT Shutdown

Thousands of students affected by the abrupt shutdown of all 130 ITT Tech campuses received a lifeline of sorts from the government this week, as it unveiled additional resources to help displaced students understand their new reality and to continue their education or receive federal loan discharges. [More]

(tomQ)

ITT Tech Students: Don’t Pay For Loan Consolidation, Discharge, Or Transfer Help

They say one person’s misfortune is another’s gain, but the Department of Education doesn’t want that to be the case for tens of thousands of students affected by ITT Educational Services’ closure of 130 ITT Technical Institute campuses, no matter how good the deal sounds. [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]

Now That ITT Tech Is Closed, What Options Do Students Have?

Now That ITT Tech Is Closed, What Options Do Students Have?

Nearly 40,000 students have been left in educational limbo following the sudden closure of all 130 ITT Tech campuses. What options are available to these stranded students who have invested their time and money in a shuttered school?

[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]

I’m An ITT Student, What Are My Options Now?

I’m An ITT Student, What Are My Options Now?

ITT Tech Banned From Enrolling New Students Using Federal Financial Aid

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

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]

MeneerDijk

New Rules Aim To Regulate Online College Programs

Colleges offering distance education, such as online courses, must receive authorization from each state where it has students in order to receive federal financial aid, according to recently released rules that aim to better regulate the online education industry and ensure students understand what protections they have when attending a college in another state.  [More]

(tomQ)

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]

For-Profit Educator Bridegepoint Education Under Investigation Over Federal Funding

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]

fblumongoose

Advisory Panel Votes To Revoke Troubled College Accreditor’s Recognition

A week after staff with the Department of Education recommended the termination of federal recognition for the accrediting body that ignored red flags at failed for-profit educator Corinthian Colleges and allowed billions in federal aid to go to schools under investigation, the panel on the receiving end of that recommendation voted to sever ties with Accrediting Council for Independent Colleges and Schools.  [More]

thisisbossi

Federal Student Loan Customer Service In Need Of “Significant” Improvements

Last year, the Department of Education issued more than $96 billion in federal student loans to more than 9.1 million college students. Someday in the future these borrowers will begin repaying these debts, but a new report finds that limitations and a disconnect between the federal government and its contracted loan servicers can make this a daunting and sometimes costly task.  [More]

MeneerDijk

Education Department Recommends Troubled College Accreditor’s Recognition Be Revoked

After weeks of urging from lawmakers, consumer advocates, and others, staff with the Department of Education recommended the termination of federal recognition for the accrediting body that ignored red flags at failed for-profit educator Corinthian Colleges and allowed billions in federal aid to go to schools under investigation. [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]

ken fager

Elizabeth Warren Says Accreditor Of For-Profit Colleges Has “Dismal Record Of Failure”

Only days after a report found that an organization responsible for accrediting a number of for-profit colleges  had engaged in a “pattern” of providing approval to schools with bad track records, resulting in these colleges receiving nearly $6 billion in federal funds, Sen. Elizabeth Warren is joining the chorus of voices calling on the Department of Education to take action.

[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]