For-Profit: Page 7
-
Amid growing scrutiny, Dream Center receiver says Title IV funds ‘not missing’
A new report from the manager of the organization's assets offers few answers but suggests he is asking the Ed Department for advances on funds.
By Ben Unglesbee • Feb. 20, 2019 -
Art Institute deal left Dream Center in 'dire' situation, receiver says
Fees allegedly skimmed from a $51 million Title IV payout have students and officials asking why the trail of federal aid is proving so difficult to follow.
By Ben Unglesbee • Feb. 13, 2019 -
For-profit Bridgepoint hires new strategy chief as it retools
The company is bringing in a specialist in business development and M&A as it looks to spin off Ashford University and convert into a services provider.
By Ben Unglesbee • Feb. 12, 2019 -
3 Art Institutes in limbo have possible buyers, receiver says
Closure plans for the Pittsburgh, Las Vegas and Seattle campuses are on hold while the overseer of its nonprofit owners' assets seeks parties to take them on.
By Ben Unglesbee • Feb. 8, 2019 -
For-profit Laureate sells St. Augustine for $400M, holds onto Walden U
The operator is realigning around its Latin American campuses and online offerings in the U.S., but its debt load has caused losses in recent years.
By Ben Unglesbee • Feb. 7, 2019 -
Getty Images
Deep DiveAs borrower defense gets another rewrite, for-profits wrestle with uncertainty
Failing once to undo Obama-era rules aimed at for-profits, the Ed Department has signaled it will try again. But a confusing regulatory landscape remains.
By Ben Unglesbee • Feb. 7, 2019 -
Uncertainty looms as 2 more Art Institutes prepare to close
Leadership at the Pittsburgh location is in flux after it submitted closure plans to state regulators while keeping students and faculty in the dark.
By Ben Unglesbee • Updated Feb. 6, 2019 -
For-profit National American U raises doubts about survival
The company's turnaround strategy involves closing its campuses and shifting its focus entirely online, according to a securities filing.
By Ben Unglesbee • Jan. 24, 2019 -
How buying the Art Institutes brought Dream Center to the brink of collapse
The college chain's revenue fell tens of millions of dollars short of what its previous owner projected, the nonprofit said in receivership court filings.
By Ben Unglesbee • Updated Jan. 25, 2019 -
Deep Dive
How state agencies prepared for the chaos of ECA's abrupt closure
"We saw the writing on the wall," one regulator said of the coordinated attempt to get ahead of the for-profit's eventual shutdown, which hit 20,000 students.
By Ben Unglesbee • Jan. 22, 2019 -
New York Gov. Cuomo proposes tougher rules on for-profits, student loan servicers
In his latest budget proposal, the governor blasted the Trump administration's deregulatory policies and said he aims to "fill the gap" in consumer protection.
By Ben Unglesbee • Jan. 17, 2019 -
Veterans underrepresented at top US colleges
Two-thirds of student veterans are enrolled in colleges with graduation rates under 50%, according to a new report on how colleges can serve this group.
By James Paterson , Natalie Schwartz • Jan. 16, 2019 -
Facing insolvency, Dream Center is unloading Art Institutes
The arts school chain was bought just over a year ago, but its owner struggled under inherited debt and has been closing campuses.
By Ben Unglesbee • Jan. 16, 2019 -
Nonprofit National University System finalizes acquisition of for-profit college
The deal to buy Northcentral University, for an undisclosed price, aims to beef up its online presence and reach working adults with graduate programs.
By Ben Unglesbee • Jan. 8, 2019 -
For-profit trade group urges Democrats to ease takeovers of troubled colleges
Colleges' inability to get federal aid in bankruptcy makes it hard for healthy operators to take over struggling ones, CECU's Steve Gunderson contends.
By Ben Unglesbee • Jan. 7, 2019 -
Career Education settles 5-year inquiry over marketing practices
The for-profit operator agreed not to collect on nearly $500 million owed by students following allegations it used misleading recruiting tactics.
By Ben Unglesbee • Jan. 4, 2019 -
For-profit National American University exits Nasdaq
A fresh bet on online growth didn't stop the for-profit operator's drift into penny stock, which follows years of declining revenue and profits.
By Ben Unglesbee • Jan. 3, 2019 -
Deep Dive
What's next for higher ed's for-profit colleges?
More M&A and nonprofit conversions are expected as the troubled sector stares down political uncertainty in 2020 and beyond.
By Hallie Busta • Dec. 19, 2018 -
Grand Canyon Education buys Orbis Education Services for $362.5M
The deal could help diversify the for-profit service provider's revenue and clients after it spun off Grand Canyon University earlier this year.
By Ben Unglesbee • Dec. 19, 2018 -
Dream Center sued over claims it misled students on Art Institutes accreditation
The lawsuit alleges the social services nonprofit kept students in the dark for months about four campuses that lost their accreditation.
By Ben Unglesbee • Dec. 11, 2018 -
Education Corporation of America shuts down after ACICS pulls accreditation
The operator of for-profit Virginia College and Brightwood Career Institute is closing 70-plus campuses amid mounting financial and compliance troubles.
By Ben Unglesbee • Dec. 6, 2018 -
NYC consumer affairs department sues for-profit Berkeley College
More local and state agencies are shining a light on for-profit colleges as the federal government seeks to loosen regulations for the sector.
By Hallie Busta • Oct. 23, 2018 -
College Scorecard update to offer more relevant data
The consumer tool will add data on professional degrees and student debt and earnings at the program level, the Education Department says.
By Halona Black • Oct. 8, 2018 -
DeVry acquisition raises concerns amid for-profit M&A trend
Critics question whether the new owner intends to profit from a resale, though a spokeswoman cites a "long-term view" focused on student outcomes.
By Hallie Busta , James Paterson • Oct. 3, 2018 -
Students say Apple co-founder's Woz U is flawed
The online tech education provider faces criticism for a 33-week, $13,200 program students say is faulty, out-of-date and lacks instructors.
By James Paterson • Oct. 2, 2018
Previous
