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Loan Default Rates at Prominent Online Universities (U.S. News & World Report)

Published on September 16, 2010 By

After months of scrutiny from legislators, for-profit schools were dealt another blow when the Department of Education released the most recent federal student loan default rates this week. The national average default rate has risen by a tenth of a percentage point to 7 percent from last year, while the rate at for-profit schools (the largest of which are online-oriented schools like the University of Phoenix ) jumped from 11 to 11.6 percent. “While for-profit schools have profited and prospered thanks to federal dollars, some of their students have not,” U.S.

Race to the Top promises new era of standardized testing (The Christian Science Monitor)

Published on September 3, 2010 By rohit

Put down your No. 2 pencils and get ready for the next generation of standardized tests, featuring fewer multiple choice questions and increased use of computers

Education department to boost anti-fraud efforts (Reuters)

Published on August 13, 2010 By rohit

WASHINGTON (Reuters) – The federal government will hire more investigators to prevent fraud by for-profit colleges in such areas as student financial aid, U.S. Secretary of Education Arne Duncan said on Friday. In a letter to the chairman of a Senate committee on education, Duncan said his department will hire over 60 additional staff to strengthen oversight of schools and increase program reviews of post-secondary institutions by 50 percent each year