education

Michael

For-Profit Colleges Sue To Stop Rule That Protects Students Of Failed Schools

Federal regulations that aim to protect and refund student loan borrowers defrauded by their schools could end before they even go into place, thanks to a lawsuit filed by the for-profit college industry. [More]

(MeneerDijk)

DeVos Education Budget Could Make It Harder To Obtain, Repay Student Loans

Days after the Department of Education revealed it would give all student loan accounts to one servicing company and strip away more protections for federal student loan borrowers, Secretary of Education Betsy DeVos outlined the Department’s proposed budget, which goes even further by eliminating or completely overhauling programs intended to make student loans more accessible and easier to repay. [More]

Education Secretary DeVos To Give All Student Loan Accounts To One Company; Strip Away More Protections

Education Secretary DeVos To Give All Student Loan Accounts To One Company; Strip Away More Protections

Education Secretary Betsy DeVos has made another sweeping change to the student loan system that consumer advocates claim favors student loan collectors over the American people repaying those loans. [More]

Xavier J. Peg

Trump Administration Looking To End Student Loan Forgiveness Program

This October will mark the first time that student loan borrowers who have worked for 10 years with the government or a qualifying non-profit will be eligible to have their debts wiped clean. It may also be the last time, as the Trump administration is reportedly targeting this and other Department of Education repayment programs for elimination.
[More]

MeneerDijk

The System To Collect Defaulted Student Loans Is No Longer Functioning

Consumers who expected their student loan payments to be deducted from their bank accounts this month have reportedly found the funds untouched, and their calls to the companies unanswered thanks to a Department of Education’s order prohibiting the debt collection companies from working on default accounts in response to two lawsuits against the agency.

[More]

Mike Mozart

Chipotle Offers Employees Accelerated Business Degree Program

Last summer, Chipotle joined the ranks of Pizza Hut, JetBlue, Starbucks, and others in offering to foot the bill — or at least some of it — to provide employees with a college education. Today, the company expanded that program, offering workers the ability to combine real-world experience with classroom time in order to earn a business degree in less than two years.  [More]

Freaktography

Students Claim For-Profit College Operator Deliberately Let Their School Fail

Former students at one for-profit college allege that the school’s parent company, Laureate Education, committed fraud by deliberately allowing their college to fail and close down.  [More]

Purdue University Buys For-Profit Kaplan University, But Is It A Good Idea?

Purdue University Buys For-Profit Kaplan University, But Is It A Good Idea?

On the surface, Purdue University and Kaplan University don’t have a lot in common: One is a public university from Indiana and the other is a for-profit chain mostly offering online courses. But now they have one rather large thing in common: ownership. Purdue has purchased Kaplan — for a dollar. [More]

Jason Cook

Your Kids’ School-Owned Devices Are Spying On Them, Report Finds

As adults, we all kind of have at least a vague peripheral sense that the devices and software we use are probably up to some kind of shenanigans with our personal data. Kids, however, are probably not thinking as closely about what they tell the devices they use, and what data those devices then share — especially if they’re school-owned tools. And yet, a new report finds, some of the learning technology schoolchildren are required to use every day are some of the worst when it comes to explaining and protecting users’ privacy. [More]

bluwmongoose

Education Secretary DeVos Withdraws Protections For Student Loan Borrowers

Relatively new federal guidelines intended to to make the student loan repayment process more accurate and transparent have all been rescinded today by Secretary of Education Betsy DeVos — a move that consumer advocates says removes accountability for debt collectors and loan servicers. [More]

Ninja IX

New York To Offer Free Tuition At Four-Year Public Universities

Hundreds of thousands of New York residents mulling the idea of going to college at a public university could soon enroll for free, as the state’s lawmakers passed a budget over the weekend that included a program that would allow students from middle- and low-income families to attend college for free. [More]

Freaktography

18 Attorneys General Ask Education Secretary DeVos To Not Go Soft On For-Profit Colleges

A number of high-profile for-profit educators shut down or scaled back operations in recent years, among accusations of overcharging and under-educating students, and new rules intended to hold schools accountable. However, these companies’ fortunes began to turn after the election of Donald Trump and his naming of pro-industry Education Secretary Betsy DeVos. That’s why a group of 18 state attorneys general is calling on the administration to not ease up on these controversial schools. [More]

frankieleon

Cosmetology Schools Don’t Want To Be Held Accountable For Students’ Success

The Gainful Employment Rule, which requires that for-profit educators demonstrate that their graduates can pay their bills, has thus far weathered industry’s attempts to gut the rule. Now we’ll see if new Education Secretary Betsy DeVos will defend this rule against a legal challenge brought by a beauty school trade group. [More]

Former ITT Tech Students Sue To Be Included In Bankruptcy Proceedings

Former ITT Tech Students Sue To Be Included In Bankruptcy Proceedings

When a retailer goes bankrupt, little thought is given to the store’s customers, but what happens when a for-profit educator goes bust? Do its customers — the former students — have any right to be involved in the bankruptcy proceedings?  [More]

Hammerin Man

Many For-Profit Colleges Get More Than 90% Of Funding From Federal Government

For-profit colleges operate under the so-called “90/10 Rule,” which states that a school can’t receive more than 90% of its revenue from the federal government. However, there’s a loophole that does not count certain military-related education funds — like the GI Bill — against that 90%, meaning these schools can go over that 90% threshold without violating the 90/10 Rule. And according to a new report, hundreds of for-profit schools are indeed getting nearly every dollar of their funding from taxpayers. [More]

For-Profit College Industry Eyes Resurgence Under Trump Administration

For-Profit College Industry Eyes Resurgence Under Trump Administration

At its height, the for-profit college industry represented about 25% of all federal student aid, even though these schools only accounted for about 8% of U.S. college students. Meanwhile, these schools were spending the large majority of their money on advertising instead of education, and their students were defaulting on loans at double the rate of other borrowers. Since then, several education chains have shuttered due in no small part to federal investigations and regulations, but investors are seeing sunnier days ahead under a business-friendly Trump White House. [More]

Emily

Xerox Pays $2.4M To Settle Allegations It Overcharged Student Loan Borrowers

Xerox does a lot more than make huge copy machines for your office. For more than a year,  the company’s student loan servicing division has been under state and federal investigation for allegations that it violated debt collection laws and overcharged borrowers. Now Xerox has agreed to pay $2.4 million to close the book on one such investigation in Massachusetts. [More]

Jason Cook

Study: Students “Easily Duped” By Fake News, Sponsored Content

You might assume that a child raised on online content may be better positioned to tell when news and information is coming from legitimate sources and when that source is a fake or an ad. However, the results of a new study appear to indicate that this always-connected generation is no better equipped to sort fact from fiction online. [More]