The cost of a college education has outpaced inflation for the last few decades, making school less affordable for millions of Americans and driving student loan debt past the $1 trillion mark. And in the last decade, the for-profit education industry has taken in many billions of dollars in federal student aid for schools with high dropout rates. Today, President Obama offered a suggestion: Free community college educations for those willing to stick to it. [More]
The virtual Bitcoin currency moves even further into the mainstream as Georgia Tech has reportedly become the first major university to make a deal that will allow the use of Bitcoin for student purchases at dining halls and sporting venues. [More]
Last fall, the state of California sued Corinthian Colleges, Inc. — better known as the company that operates a number of the for-profit colleges whose ads dominate daytime TV commercial breaks — over allegations that it lied to students about job-placement stats and to investors about its graduates’ success rate. Yesterday, CCI revealed that it’s also being investigated by two federal agencies and can’t open any new locations for the time-being. [More]
Yesterday, we brought you the story of 128 Washington University students whose reservations at the Fairmont Millennium in downtown Chicago had been canceled and relocated 15 miles away to an airport Sheraton. We’re happy to report that the situation appears to have been resolved, without much bloodshed.