Tag Archives: For-Profit Colleges

by

NYC Official Calls on For-Profit Colleges to Disclose Student-Debt Data

John C. Liu, comptroller of the City of New York, on Thursday called on two of the largest for-profit colleges to disclose data on their students’ loan-repayment rates and debt-to-income ratios, saying that he had submitted a shareholder proposal asking their parent companies to do so. As the comptroller, Mr. Liu is an investment adviser to the city’s pension funds, which include independent programs for city employees, police officers, teachers, and firefighters.

The proposal calls on DeVry Inc…

by

Wisconsin Scuttles Panel Charged With Setting Standards for For-Profit Colleges

Wisconsin’s Educational Approval Board, which decides whether for-profit colleges can operate in the state, has shut down a committee that was charged with developing accountability standards for the colleges, the Wisconsin State Journal reported. The committee had faced strong opposition from influential lawmakers and education companies. One standard it proposed would have required the colleges to show that at least 60 percent of students who started programs finished them and got jobs in thei…

by

For-Profit Art Academy Cited for Land-Use Violations

The Academy of Art University, a for-profit art college in San Francisco, is facing fines for a string of alleged land-use violations in what the city’s planning department is calling its biggest enforcement of local regulations in decades. The San Francisco Chronicle reports that the city issued violation notices to 22 properties owned by the university, which carry a combined $26,000 in fees and the threat of fines surpassing $5,500 a day if a compliance deadline is not met. The institution wa…

by

Judge Dismisses Lawsuit Accusing Kaplan of Racial Bias in Hiring

A federal judge has thrown out a lawsuit that accused the Kaplan Higher Education Corporation of discriminating against black job applicants by rejecting them because of their credit histories, according to The New York Times. The U.S. Equal Employment Opportunity Commission filed the complaint in 2010. In a ruling issued on Monday, Judge Patricia A. Gaughan of the U.S. District Court in Cleveland dismissed the suit after concluding that the way in which an expert witness for the EEOC had identi…

by

Kentucky Attorney General Sues Another For-Profit College

Jack Conway, the attorney general of Kentucky, announced on Wednesday that his office had filed another consumer-protection lawsuit against a for-profit college over allegations that the institution deceived students by misrepresenting its job-placement numbers. Mr. Conway’s office filed the latest complaint, which is the fourth in his continuing investigation of for-profit colleges, against Spencerian College, a Kentucky institution with campuses in Lexington and Louisville. In a news release,

by

5 For-Profit Campuses Lose Accreditation After Abrupt Closures

Five for-profit campuses owned by a Rhode Island corporation have been stripped of their accreditation following their abrupt closures this past weekend. The Accrediting Council for Independent Colleges and Schools, a national accreditor that deals with proprietary institutions, announced on Friday that it had revoked the accreditation of the five schools, which are all owned by Academic Enterprises Inc.

The five campuses are the four branches of the Sawyer School, in Rhode Island and Connecticu…

by

Accreditor Lifts Restrictions on 10 Campuses of Career Education Corp.

The Accrediting Commission of Career Schools and Colleges has vacated an order it issued in June threatening the accreditation of 10 campuses operated by the Career Education Corporation, the company said in a recent filing with the U.S. Securities and Exchange Commission. The accreditor’s “show cause” order had required the institution to submit information about how the campuses were reporting and verifying job-placement data for graduates of their programs. The campuses’ accreditation remaine…

by

Kaplan Says It Will Close 9 Campuses

Nine Kaplan higher-education campuses will close, and four more will be merged with other campuses, according to a Friday-afternoon Securities and Exchange Commission filing by Kaplan’s owner, the Washington Post Company.  An article in the Post did not identify the campuses to be closed, but noted that Kaplan had been warned earlier that it could lose accreditation for three campuses because their students had failed to meet achievement requirements. The closings and mergers will cost the compa…

by

Audit Finds Improper Student-Aid Payments at Colorado Technical U.

Colorado Technical University improperly paid students in its CTU Online program some $155,000 in financial-aid money, and mistakenly retained $18,000 more after failing to identify students who had unofficially withdrawn from the program, concludes an audit conducted by the U.S. Education Department’s Office of Inspector General. The audit recommends that the university be required to repay the money. The for-profit institution, which is owned by the Career Education Corporation, disagreed wi…