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]
Federal Funding
University Of Phoenix May Be Up For Sale
By 1.11.16
Increased government scrutiny and falling enrollment at the University of Phoenix may be too much for Apollo Education Group, the parent company of the for-profit college mega chain. The company is reportedly exploring its options on what to do with the school, including a sale. [More]
Lawmakers Continue Crusade To Rein In For-Profit Colleges Targeting Servicemembers
By 11.10.15
In recent months federal regulators and government agencies have increased scrutiny of for-profit colleges and their interactions with servicemembers, veterans and their families. Today, lawmakers furthered that mission by introducing legislation that would restore previous limits on how much money these educational institutions can receive from the federal government via military benefits and other programs. [More]
Chairman Of University Of Phoenix Parent Company Dumps Millions Of Dollars In Stocks
By 11.2.15
Just a week after University of Phoenix’s parent company Apollo Education Group attempted to tone down the role the troubled for-profit college has played in the company’s falling stock prices and public image, new regulatory filings show the corporation’s own chairman may not have the same faith in the organization, as he dumped nearly $10 million in company stock. [More]
University Of Phoenix Parent Company Tries To Explain Sinking Stock Price
By 10.23.15
For the second time this year, University of Phoenix’s parent company Apollo Education Group attempted to tone down the role the troubled for-profit college has played in the company’s falling stock prices and public image during a phone call with investors. [More]
Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again
By 6.24.15
Legislators continued their crusade to rein in the abuses of predatory for-profit college institutions by introducing a measure today that would close a funding loophole that often led the schools to target certain consumers in order to pad their bottom line. [More]
Senators Want To Close Federal Funding Loophole Exploited By For-Profit Colleges
By 4.23.15
Each year for-profit colleges receive billions of dollars in Post 9/11 GI Bill benefits by exploiting a loophole in the rules that govern how these institutions collect federal funds. Once again, a group of senators has set out to change the way in which these schools count student aid, this time by urging the Department of Education to take an aggressive stand. [More]
Deal To Keep The Government Running Cuts $303M From Pell Grant Program
By 12.10.14
Congress’ deal to keep the federal government up and running may be coming at the expense of some of the nation’s poorest prospective college students. The spending package is poised to cut $303 million from the Pell Grant program. [More]
