For-Profit


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    For-profit performing arts college in New York to close

    The New York Conservatory of Dramatic Arts said it had exhausted “every possible alternative” prior to the decision to wind down.

    By June 5, 2025
  • University of Idaho abandons plan to acquire University of Phoenix

    Faced with opposition from the beginning, the state university and for-profit college ended negotiations.

    By June 4, 2025
  • Grand Canyon University
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    Judge greenlights racketeering lawsuit against Grand Canyon Education

    Plaintiffs say the educational services provider misrepresented program costs, but the company says students couldn't have been "caught by surprise."

    By May 12, 2025
  • Education Department discharges $4.5B in loans for former Ashford University students

    The agency also is moving to bar the former founder and CEO of Zovio, which owned the online university, from leading any institution taking Title IV funds.

    By Jan. 15, 2025
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    2U to exit boot camps in favor of microcredentials

    The company’s interim chief said that “the long-form, intensive training that boot camps provide no longer aligns with what the market wants and needs.”

    By Dec. 6, 2024
  • Brian Mueller, president of Grand Canyon University, speaks at a podium.
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    Grand Canyon CEO expects a friendlier Education Department under Trump

    After years of clashes with the Biden administration, Brian Mueller predicts "we're going to have a voice."

    By Nov. 7, 2024
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    Appeals court backs Sweet v. Cardona settlement

    The ruling denies a request from three higher education institutions seeking to block an agreement to cancel some $6 billion in student debt.

    By Nov. 6, 2024
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    Opinion

    Harris needs to finish the job on for-profit college loan discharges

    The vice president and the U.S. Department of Education must follow through on loan discharges promised to student borrowers, argues one legal expert. 

    By Eileen Connor • Oct. 31, 2024
  • Walden University’s $28.5M class-action settlement with students gets court approval

    Plaintiffs alleged the for-profit college drew out the capstone phase of a doctorate program that targeted women and Black students in its recruitment.

    By Oct. 18, 2024
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    2U CEO steps down

    Paul Lalljie served in the role for less than a year, taking over at a time of pressure and leading the company through bankruptcy.

    By Oct. 4, 2024
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    How 2U’s bankruptcy shed light on the company and OPM market

    During the Chapter 11 process, the online program manager’s filings have shown the changes in its business trajectory over the course of the pandemic.

    By Aug. 2, 2024
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    2U looks to pay $20.8M it owes to university clients during bankruptcy

    Keeping its relationships on solid footing is critical to the company’s success during the Chapter 11 process and beyond, it said in court filings. 

    By July 30, 2024
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    Courtesy of 2U
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    2U looks to shed leases for office space amid bankruptcy

    The online program management company said it already exited most of the office space after the coronavirus pandemic.

    By July 29, 2024
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    Courtesy of 2U
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    Deep Dive

    A look at 2U’s path to bankruptcy

    The company bet big on online education during the pandemic by purchasing edX, but the gamble didn’t pay off as the health crisis eased. 

    By July 26, 2024
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    2U files for bankruptcy

    The online program manager entered Chapter 11 with an agreement with lenders and bondholders that would halve its debt and provide new capital.

    By Updated July 25, 2024
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    Florida for-profit City College to close

    The healthcare career-focused institution’s decision to shutter after 40 years reportedly came as a shock to students.

    By July 19, 2024
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    For-profit Northwestern College closes abruptly

    The 122-year-old Illinois institution had faced scrutiny from its accreditor, including over concerns about its financial health.

    By July 8, 2024
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    Retrieved from Pittsburgh Technical College on June 10, 2024
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    Pittsburgh Technical in ‘imminent’ danger of closing, MSCHE says

    The notice came just days after Triangle Tech, a for-profit trade college in the area, announced it would shut down.

    By June 10, 2024
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    Courtesy of 2U
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    Financially struggling 2U adds 6 new programs to Pepperdine University partnership

    The online program manager has lost significant chunks of potential revenue as some of its other university clients scale back their ties with the company. 

    By May 17, 2024
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    Federal court blocks borrower defense rules, says legal challenge will likely succeed

    An appellate panel wrote that the regulations upend decades of regulatory practice. But one student advocate called the ruling “exactly backwards.”

    By April 8, 2024
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    Gainful employment reporting delayed amid political pressure

    The Education Department will give colleges more time to gather data in light of the fraught financial aid cycle. 

    By April 1, 2024
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    The image by U.S. Department of State (IIP Bureau) is licensed under CC BY 2.0
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    For-profit owner agrees to dismiss CEO, CFO as part of Education Department settlement

    The agreement stems from accusations that International Education Corp.’s colleges violated federal student aid regulations.

    By Feb. 8, 2024
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    Florida Career College to close all campuses by mid-February

    The for-profit institution is shuttering after the U.S. Department of Education moved to strip its access to federal financial aid.

    By Lilah Burke • Jan. 26, 2024
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    Inside the FTC’s lawsuit against Grand Canyon University

    The federal agency has accused the university of misrepresenting itself as a nonprofit and misleading students about its doctoral program costs.

    By Jan. 3, 2024
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    Courtesy of Coursera Press Kit
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    Unpacking 3 major trends in ed tech and for-profit education

    CEOs of major companies recently told investors how they fared in their most recent financial quarters, offering insight into the broader higher ed sector.

    By Nov. 16, 2023