For-Profit: Page 5
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Zovio moves ahead with plans to separate Ashford U
After talk of possibly selling the institution, the former for-profit college operator hopes to complete its transition to an education services provider by June 1.
By Hallie Busta • Jan. 7, 2020 -
M.O. Stevens
Deep DiveNational American's financial woes raise questions for its future
Experts predict the demise of the once-prosperous for-profit chain, but they are uncertain as to whether it is viable enough to be sold off.
By Jeremy Bauer-Wolf • Dec. 20, 2019 -
Ed Dept outlines decision to keep Grand Canyon U for-profit
In a letter shared with Education Dive, the department claims separating the university aimed "to drive shareholder value." Grand Canyon has pushed back.
By Hallie Busta • Updated Nov. 13, 2019 -
Zovio cuts 300 jobs ahead of next move with Ashford U
The decision will help save $51 million in 2020 and could be a sign the company is looking more seriously at selling Ashford rather than spinning it off.
By Hallie Busta • Updated Nov. 1, 2019 -
Shalina Chatlani
Could a better monitoring system prevent sudden college closures?
In a new report, The Century Foundation suggests replacing the composite score with a wider range of financial responsibility standards.
By Hallie Busta • Oct. 10, 2019 -
Zovio: $103M letter of credit required to spin off Ashford U
The former for-profit college operator is weighing other options, which include selling the university while staying on as a services provider.
By Hallie Busta • Oct. 8, 2019 -
Bill would require accreditors to flag failing colleges sooner
Proposed legislation in the House calls on the agencies to ask for a teach-out plan or agreement if a college doesn't meet certain financial standards.
By Hallie Busta • Oct. 3, 2019 -
California's for-profit college crackdown meets resistance
A broad lobbying effort weakened a package of bills put forward in response to reduced federal oversight of the sector.
By Hallie Busta • Sept. 9, 2019 -
Shalina Chatlani
Ed Dept's final borrower defense rule raises bar for claims
The new rules require borrowers to go to greater lengths to prove they've been wronged, and projections show less loan debt will be recovered.
By Hallie Busta • Sept. 3, 2019 -
Getty Images
3 highlights from this quarter's for-profit and online education earnings
We look at why higher ed wasn't so concerned about 2U's big news, the temporary benefits of location and other takeaways.
By Hallie Busta • Aug. 28, 2019 -
Ex-Laureate CEO and Arizona State launch global education company
Cintana Education will focus on growing academic programs at universities outside of the U.S. and supporting new institutions.
By Natalie Schwartz • Aug. 28, 2019 -
6 more students join lawsuit against National American U
The legal challenge grows for the embattled for-profit college operator as it sheds physical campuses and attempts to move entirely online.
By Hallie Busta • Aug. 23, 2019 -
Getty Images
Adtalem continues shift to professional ed
The former DeVry University parent is expanding its financial services offerings and bolstering its online nursing program, executives told analysts Thursday.
By Hallie Busta • Aug. 22, 2019 -
Walden U gears up for 'competitive' US market
Meanwhile, its parent company, Laureate Education, is focusing its efforts on expanding online and throughout Latin America.
By Hallie Busta • Aug. 8, 2019 -
Zovio expects Ashford U conversion by year-end
Accreditor approval came with a caveat that the university would show its leadership had divested its financial and ownership interests in Zovio.
By Hallie Busta • Updated Aug. 8, 2019 -
Grand Canyon sheds light on expansion plans
In a call with analysts Tuesday, the education services company said it is looking for three or four college partners that expect modest growth.
By Hallie Busta • Aug. 6, 2019 -
Parent company of Strayer and Capella U eyes expansion
The college operator said during an earnings call that it could add a co-branded location and expand its competency-based education program.
By Hallie Busta • Aug. 1, 2019 -
Report alleges Ed Dept helped prop up failing Dream Center
Lawmakers say the agency was changing its accreditation policy to benefit the struggling operator, but the agency says it was already working on the change.
By Hallie Busta • July 23, 2019 -
House passes amendment raising scrutiny of for-profit colleges' military benefits
Although the legislation lacks clear teeth, observers say the information it gathers would be critical to the continued oversight of for-profit colleges.
By Shailaja Neelakantan • July 15, 2019 -
Accreditor approves Ashford U's nonprofit conversion
Zovio, formerly Bridgepoint Education, has been trying to spin off the former for-profit college to complete its pivot to become a services provider.
By Hallie Busta • July 15, 2019 -
Deep Dive
4 takeaways from for-profit colleges' latest quarter
We reviewed the financials of publicly traded colleges to learn how they are adapting to regulatory scrutiny and demand for online education.
By Anastassia Gliadkovskaya • July 3, 2019 -
Short-term Pell Grants gain more support in Congress
The proposal stands to benefit community colleges and nontraditional education providers like boot camps, but concerns remain around quality.
By James Paterson • June 28, 2019 -
State, college officials say educational quality measures need a boost
A survey of two sides of the higher ed triad offers ideas for improvement as the industry contends with new credentials, providers and regulations.
By James Paterson • May 28, 2019 -
National American gets $8.5M loan from CollegeAmerica parent
It will provide cash needed to secure a letter of credit required by the Education Department for Title IV eligibility, but the lender has its own concerns.
By Hallie Busta • May 24, 2019 -
Shalina Chatlani
College Scorecard adds preliminary program-level data
Applauded by advocates for more accountability, the update also includes information on additional types of institutions and student groups.
By James Paterson • May 23, 2019
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