Tim schreier

Student Loan Repayment Programs Will Eventually Forgive $108B In Debt

While several recent reports have suggested that many student loan borrowers face needless hurdles when trying to reduce their monthly payments through the Department of Education’s income-driven repayment plans, a new study has found the programs are working and will eventually forgive $108 billion in outstanding student debt.  [More]

Gettin' schooled.

Trump University Fraud Lawsuits Settled For $25 Million

Ten days before President-elect Donald Trump was set to go to trial on one of three fraud lawsuits involving his defunct Trump University, the parties involved in all of these cases have reached a settlement worth $25 million.  [More]

Another For-Profit College Chain Has Closed, Leaving Thousands Of Students Stranded

Another For-Profit College Chain Has Closed, Leaving Thousands Of Students Stranded

So far in 2016, a handful of for-profit college operators have announced plans to cease operations, closing hundreds of campuses across the country. Joining the likes of the ITT Technical Institute, Wright Career College, and Brown Mackie College brands, Heritage College and Heritage Institute closed its door abruptly this week.  [More]

More Than A Year After Corinthian Collapse, Students Still Waiting For Financial Aid Help

More Than A Year After Corinthian Collapse, Students Still Waiting For Financial Aid Help

Eighteen months after Corinthian Colleges Inc. completed its collapse – closing the remaining Heald College, Wyotech, and Everest University – tens of thousands of former students are still waiting to received some form of relief from the mountains of student loan debt they incurred to attend the defunct college.  [More]

Former ITT Tech Students Talk About School’s High-Pressure Sales Tactics, Underwhelming Classes

Former ITT Tech Students Talk About School’s High-Pressure Sales Tactics, Underwhelming Classes

The recent collapse of ITT Technical Institute has left thousands of students stranded, unsure if they’ll be able to finish their educations, repay their loans, or even transfer their credits to other schools. Now, some of these ITT students are talking to Consumerist about the school’s high-pressure marketing, underwhelming courses, poor job-placement, and other shady practices. [More]

Legislation Would Hold For-Profit College Leaders Accountable For Misrepresentations

Legislation Would Hold For-Profit College Leaders Accountable For Misrepresentations

Lawmakers on Tuesday continued their mission to protect consumers from unscrupulous players in the for-profit college industry by introducing legislation that would impose stiffer penalties and restrictions on the leaders of such institutions.  [More]

Bill Would Restore Pell Grant Eligibility For Students Who Attended Defunct For-Profit Colleges

Bill Would Restore Pell Grant Eligibility For Students Who Attended Defunct For-Profit Colleges

The Federal Pell Grant Program provides need-based grants to low-income students to help pay for college, but the funds come with limitations: They are only available for six years or 12 semesters, and when that time is up the funding is gone. So when now-bankrupt Corinthian Colleges Inc. abruptly closed its Wyotech, Heald College and Everest University campuses in April, thousands of students who relied on Pell money were left with few options for continuing their education elsewhere. A new piece of legislation aims to help these stranded students get back on track. [More]

Increased Competition, New Options Means College Students Are Paying Less For Course Materials

Students are spending less on college course materials even though they are still buying the same amount of textbooks and other items. [Source: NACS]

Once upon a time, most college students had very few choices when it came to the textbooks and other course materials they were required to buy each semester: Pricey new books or not-quite-as-pricey used copies, and most of these were gone quickly. But now there are multiple online competitors for buying, renting, and reselling these materials and a new survey shows that students are paying a lot less. [More]

[Source: Sallie Mae]

Families Going Deeper Into Their Own Pockets To Pay For College

College spending continues to rise, but not all American families are taking measures to bring down the amount of their own money they have to spend to educate their children. [More]

fblumongoose

Attorneys General Coalition Urges Dept. Of Education To Clarify Corinthian Students’ Options

A week after nine senators urged the Department of Education to provide support to the thousands of students affected by the closure of now-bankrupt Corinthian Colleges schools — Everest University, Heald College, and WyoTech — the top prosecutors in 11 states are adding their voices to the chorus encouraging the Dept. to protect students and clarity their options following the company’s final downfall. [More]

(Tim schreier)

Senators Urge Dept. Of Education To Provide Support To Students Affected By Corinthian Colleges Closure

Ever since now-bankrupt Corinthian Colleges Inc. began its downward spiral, consumer advocates, students and legislators have urged the powers that be to provide relief for students of Everest University, Heald College and WyoTech. Today, that plea continued as nine senators called on the Department of Education to provide support to the 16,000 students affected by the company’s final closure. [More]

Corinthian Colleges Inc. Files For Bankruptcy

Corinthian Colleges Inc. Files For Bankruptcy

A week after embattled for-profit college chain Corinthian Colleges Inc. closed its remaining Everest University, Heald College and WyoTech campuses, the company filed for bankruptcy, essentially closing the book on the company’s long downward spiral.  [More]

(Dustin Michelson)

PRO Students Act Aims To Protect Students From For-Profit Colleges’ Bad Behavior

It’s difficult to go a month or even just a few weeks without hearing of another for-profit college being under investigation for unscrupulous practices, such as inflated job placement rates and pushing students into costly student loans. New legislation announced today aims to curtail the number of investigations we hear about by protecting students from predatory, deceptive, and fraudulent practices in the for-profit college sector, before they even enroll. [More]

(C x 2)

Students Affected By Corinthian Colleges Closures Have Some Relief Options

Although many of us saw the final collapse of Corinthian Colleges Inc. on the horizon since last summer, for the nearly 16,000 students who were currently enrolled at the company’s 28 remaining Everest University, Heald College and WyoTech campuses news that they no longer have a school to attend was no doubt jarring, opening a door to questions about their future education and the debt burden they now carry. [More]

(thisisbossi)

Petition Calls For Loan Relief For Corinthian College Students

Ever since for-profit education chain Corinthian Colleges began its downward spiral last summer, consumer groups, students and legislators have urged the Department of Education to provide current and former students relief from student loans they took out to finance an education based on deceptive recruitment practices. Now that CCI has closed its remaining Everest University, Heald College and WyoTech campuses, consumer advocates say discharging federal student loans held by these students – and protecting students of other for-profit institutions – should be of immediate concern for the Department. [More]

Corinthian Colleges Completes Collapse, Closes Remaining Campuses Effective Immediately

Corinthian Colleges Completes Collapse, Closes Remaining Campuses Effective Immediately

Although it was nearly a year in the making, the largest collapse in U.S. higher education finally occurred Sunday, as embattled for-profit education chain Corinthian Colleges Inc. – the operator of Everest University, Heald College and WyoTech – announced it would close the remainder of its campuses effective Monday. [More]

(Hammerin Man)

Senators Want To Close Federal Funding Loophole Exploited By For-Profit Colleges

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]

California Orders Corinthian Colleges To Stop Enrollment At WyoTech, Everest Campuses

California Orders Corinthian Colleges To Stop Enrollment At WyoTech, Everest Campuses

The collapse of for-profit education chain Corinthian Colleges – operator of Everest University, Heald College and WyoTech – continued today after a California regulator issued an order requiring the company to cease enrolling new students at its Everest and WyoTech campuses in the state. [More]