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]

Nearly 200 Former ITT Students Refusing To Pay Student Loans, But Is That A Good Idea?

Nearly 200 Former ITT Students Refusing To Pay Student Loans, But Is That A Good Idea?

The abrupt closure of ITT Educational Services’ 130 ITT Tech campuses left tens of thousand of current students sitting in limbo with regard to both their education and all the student loan debt they had amassed. Likewise, a number of recent ITT grads are holding degrees they believe are now worthless. A group of nearly 200 stranded ITT students and graduates are the latest to join the ongoing “debt strike” started after the collapse of Corinthian Colleges.
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ANguyenPhoto

Office Depot Rewarding College Students Who Resist Their Smartphones During Class

While no one on the Consumerist staff has been in college in, uh, some time, we can imagine it must be tough to focus on education when you’ve got a smartphone in your pocket, just begging you to play KandyKaboozle or text your friend a few seats away. There are some out there who can resist, however, and for those strong-willed folks, Office Depot has a new rewards program that lets students earn points toward discounts. [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?

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Mike Mozart

Would You Learn To Code At Your Local 7-Eleven?

For better or worse, I’ve spent an awful lot of hours inside of various 7-Eleven stores, but I’ve never learned much outside of how to get the right mix of beverages from the Big Gulp dispenser and how to tell if a hot dog has been on the rollers for too long. Yet elsewhere in the world, people are heading to 7-Eleven to hone their coding skills. [More]

California Bars ITT Tech From Enrolling New Students

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]

ken fager

There’s A High School Opening Inside Oracle Headquarters In Silicon Valley

Schools come in all shapes and sizes: private schools, small rural schools, charter schools, and online schools. That list will grow by one soon, as the first public charter school prepares to open inside a corporate campus of tech giant Oracle.  [More]

Mike Mozart

Wells Fargo Must Pay $4M Over Allegedly Illegal Student Loan Servicing

For the last 10 months, it’s been one of the banking industry’s worst-kept secrets that Wells Fargo’s student loan servicing business was being investigated by federal regulators. Today, the Consumer Financial Protection Bureau confirmed these rumors and ordered Wells to pay more than $4 million in refunds and penalties over allegedly illegal loan servicing practices that increased costs and unfairly penalized certain borrowers. [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]

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]

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

Report: Accreditor Allowed $5.7B In Federal Funds To Go To Schools Under Investigation

Less than a week after California’s Attorney General urged the Department of Education to revoke federal recognition of Accrediting Council for Independent Colleges and Schools (ACICS) following its continued approval of for-profit education chain Corinthian Colleges Inc. up until the day the now defunct schools closed their doors, a new report reveals ACICS’s “pattern” of providing approval to schools with bad track records, resulting in the funneling of more than $6 billion in federal funds to those schools.  [More]

MeneerDijk

$100M Grant Competition Aims To Expand Tuition-Free Community College Programs

In January 2015, President Obama announced a proposal that would make the first two years of community college free for some consumers hoping to further their education. Today, the White House revealed another step in making that goal a reality through a $100 million competitive grant program focused on expanding workforce training programs at community colleges.  [More]

Group Accuses ‘Your Baby Can Read’ Creators Of Violating False Advertising Settlement With ‘Your Baby Can Learn’

Group Accuses ‘Your Baby Can Read’ Creators Of Violating False Advertising Settlement With ‘Your Baby Can Learn’

Nearly two years ago, the creators of the popular Your Baby Can Read! series of videos put an end to a Federal Trade Commission deceptive advertising complaint by agreeing to cease making unsubstantiated claims about any product that purports to teach kids how to read. But the advocacy group that first spurred the FTC into action says that the creators of this program are violating that 2014 deal. [More]

(tomQ)

Law Firm In Charge Of Corinthian Colleges Turnaround Fired By Dept. Of Education

When Education Credit Management Corporation completed the purchase of 56 Everest University and WyoTech campuses from now-defunct for-profit education chain Corinthian Colleges, it agreed to hire an independent monitor to oversee the turnaround of the schools. Things apparently aren’t going so well, as the Department of Education announced it has fired the law firm hired for the task.  [More]

(D. Michelson)

Appeals Court Shuts Down For-Profit College Industry’s Effort To Avoid Accountability

The for-profit college industry lost an important legal battle today, when a federal appeals court upheld last year’s lower court ruling in favor of new regulations intended to hold these controversial schools accountable. [More]

AGs Seek Better Protections For Servicemembers Deceived By For-Profit Colleges

AGs Seek Better Protections For Servicemembers Deceived By For-Profit Colleges

Federal regulators must do more to protect servicemembers from unscrupulous colleges seeking to get their hands on their education benefits. That’s the message eight states want to get across to the secretary of Veteran Affairs following reports that some for-profit colleges target military personnel using predatory practices.  [More]