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For-profit schools cry foul on loan rules (Reuters)

Published on November 4, 2010 By

WASHINGTON (Reuters) – For-profit schools are opposing what they argue is a “retroactive” crackdown on student loan defaults, and said on Thursday that they may challenge the U.S. Education Department in court. The fight over whether the department can look at default data of students who left school three years ago is the latest twist in a larger battle over new rules aimed at cracking down on tuition loan abuses and ensuring courses lead to gainful employment.

Incoming House education chair: Vow to abolish Education Department just a ‘talking point’ (The Upshot)

Published on November 4, 2010 By

Even as he rued an Election Day “shellacking,” President Obama seemed hopeful in his post-midterms press conference yesterday that Democrats and Republicans may find common ground on education legislation, if not much else. The Washington Post’s Nick Anderson examined that wish in a story today, focusing on the handful of newly elected Republican candidates who ran on a pledge to abolish the Department of Education — a position that doesn’t exactly bode well for interparty cooperation on the issue. Soon-to-be Senators Rand Paul of Kentucky, Rob Portman of Ohio, and Mike Lee of Utah have supported initiatives in the past to abolish the DOE or stated their support for the department’s abolition

New federal regulations target for-profit colleges (AP)

Published on October 28, 2010 By

The U.S. Department of Education on Thursday will release finalized regulations targeting for-profit colleges that give the government a stronger hand overseeing the fast-growing sector — including new rules reining in how recruiters are paid and a controversial attempt to define credit hours.

Ed Dept moves to pre-empt for-profits who "game" system (Reuters)

Published on October 28, 2010 By rohit

WASHINGTON (Reuters) – The U.S. Education Department’s final rules to rein in for-profit schools, which are accused of failing to educate students while leaving them heavily in debt, would bar incentives to admissions recruiters and limit the creation of new programs.

Education reformers say GOP-controlled Congress would block funding (The Upshot)

Published on October 27, 2010 By

Education reformers are worried a Republican-controlled House of Representatives will block spending for new reforms touted by President Barack Obama, Seyward Darby of the New Republic reports. The irony is that former President George W.

Dept of Ed: Some bullying violates federal law (AP)

Published on October 26, 2010 By

The U.S.

For-profit college stocks tumble on Apollo warning (AP)

Published on October 14, 2010 By

NEW YORK – Investors fled for-profit college stocks on Thursday after the sector’s bellwether predicted a 40-percent drop in student enrollment next quarter and withdrew its forecast for next year. The news chilled an industry facing increased government scrutiny over concerns about soaring student loan defaults

U.S. needs to get tough on recruiter pay: report (Reuters)

Published on October 8, 2010 By rohit

WASHINGTON (Reuters) – The Department of Education needs to get tougher on enforcing a ban on incentives for college and vocational school recruiters to discourage deceptive practices, the Government Accountability Office said in a report on Thursday. Recruiters at some schools, in particular for-profit schools that train students for blue- and pink collar jobs such as air conditioner installer and medical assistant — have been accused of overly aggressive and deceptive practices

Online Universities: 5 Tips Before You Pursue a Degree (U.S. News & World Report)

Published on October 5, 2010 By rohit

Online universities–particularly for-profit institutions–are under a congressional and regulatory microscope. Lawmakers and officials at the Department of Education have raised concerns over these schools’ ability to ensure that graduates can parlay their degrees into steady jobs.

Opposition to education rules gathers steam (Reuters)

Published on October 1, 2010 By rohit

BANGALORE (Reuters) – U.S. for-profit colleges, widely criticized for saddling students with big debts and not fully preparing them for the workplace, are kicking back as they garner public support