Le Cordon Bleu For-Profit College

Recruiting for Student Loans Leads to $40 Million Settlement with Le Cordon Bleu For-Profit College

Thousands of students who took out 10’s of thousands of dollars in student loans to attended San Francisco’s California Culinary Academy, one of 18 cooking schools in the Le Cordon Bleu for-profit college chain, maybe getting some of their money back. Under a pending $40 million settlement in state court, Career Education Corporation, Le Cordon Bleu’s parent company, has […]

Elizabeth Warren student loan

Sen Elizabeth Warren Prevent Another Trump University

In light of the ongoing case against Trump University, Sen. Elizabeth Warren (D-Mass.) and other Senate Democrats are calling on federal student loan regulators to step up efforts to protect consumers from educational programs that engage in fraud and deceptive marketing. Recommended reading Trump’s Student Loans Forgiveness Plan. In a letter sent Thursday to the heads of the Federal […]

For Profit Colleges Sanctioned By The Government Is Yours On The List

Steep Drop Enrollment Many For-Profit Colleges

Statistics show a lot of the students who attend for-profit colleges tend to be of the lower-income class and older and schools are now struggling to sign them up. Kevin Kinser, a professor of education policy at Pennsylvania State University, said it comes down to a simple math problem. The enrollment decline at for-profit colleges doesn’t reflect some of […]

ITT Tech Accreditation Company Acics Gets Shut Federal Government

ITT Tech Accreditation Company Acics Gets Shut Federal Government

In a surprising turn of events following the defunct ITT Tech closure, the accrediting agency that gave the school its stamp of approval has now lost its own recognition from the government. The Accrediting Council for Independent Colleges and Schools (ACICS) accredits roughly 245 colleges, enrolling 600,000 students. Many of these schools are for-profit colleges, […]

For Profit Colleges Sanctioned By The Government Is Yours On The List

For Profit Colleges/Schools Sanctioned By The Government Is Yours On The List

College is generally considered to be a place of rules, regulation, and fairness, but many for profit colleges have come under great scrutiny for various questionable practices. Some schools have been investigated for misleading advertising, unethical recruiting practices, or unlawful use of federally held student aid dollars. In general, for profit colleges boost their enrollment […]

Globe University, Minnesota School of Business denied access to federal student loans

Globe University, Minnesota School of Business denied access to federal student loans

Effective December 31, 2016, the Minnesota School of Business and Globe University are dropped from the federal student loan forgiveness program. The for-profit schools are denied access to the federal student loan funds as they were “judicially determined to have committed fraud involving Title IV program funds,” and “knowingly misrepresented the nature of their criminal […]

Feds Give 800 For-Profit Colleges Failing Grades

Feds Give 800 For-Profit Colleges Failing Grades

All across America, hundreds of programs at for-profit colleges are at risk of losing federal funding unless their graduates begin earning higher wages. The Department of Education issued its first round of data measuring the success of 8,700 career program graduates and their ability to repay their student loans. This stems from the Obama Administration’s new “gainful […]

How The Navient Lawsuit Will Affect Your Student Loans

How The Navient Lawsuit Will Affect Your Student Loans?

It seems the government has begun to understand the mess it’s gotten itself into with navient student loans. Recently, we have seen Government intervention with programs aimed at those who went to for-profit colleges including Devry, Corinthian Colleges, and ITT Technical Institute. This has brought a lot of attention to the for-profit-school industry and the […]

The US Pauses New Rules Predatory For-Profit Colleges

The US Pauses New Rules Predatory For-Profit Colleges

The Trump administration is officially reconsidering and may do away with, two new rules which served as the cornerstone of the Obama administration’s tough crackdown on predatory for-profit colleges. The Department of Education announced on Wednesday its temporary halt to changes that would erase the student loan debt of borrowers who were cheated by fraudulent […]