Compliance & Regulatory

Career College Central Summary:

  • Last month, fifteen students from a for-profit college chain that regulators say acted as a predatory lender began publicly refusing to pay their loans. Now, the strike has grown dramatically. As of Monday, organizers say 100 students—all of whom attended the Corinthian Colleges Inc. chain for for-profit schools—have joined the strike.
  • Corinthian Colleges has been under scrutiny for some time. Last year, the federal...

Career College Central Summary:

  • The U.S. Department of Education plans to name the colleges whose access to federal money it has restricted because of concerns about the risk they pose to students and taxpayers. And most of the institutions placed on those financial sanctions in recent years have been for-profit colleges, newly disclosed federal records show.
  • Officials will release the list of colleges currently subject to extra scrutiny known as heightened cash...

Career College Central Summary:

  • The U.S. Department of Education is so concerned about the risk that dozens of colleges pose to students and taxpayers that it has curtailed access to federal money at those institutions -- but it won’t say which ones.
  • Even as it pushes to make far more information about colleges available to consumers, the department is keeping hidden from public view its decisions to punish certain colleges with funding restrictions known as...

Career College Central Summary:

  • Students attending Laurus Technical Institute were taken by surprise when the school on Monday announced it was shutting down for good.
  • President and CEO Terry Hess said the closure of the for-profit school, which has three campuses including one on Church Street in Decatur, was due to dwindling enrollment. He said the enrollment drop was “due a change in federal guidelines, instituted two years ago, which significantly...

Career College Central Summary:

  • The closure of a college often leaves students in limbo. Without being able to finish a degree, students must scramble to transfer and to figure out how to deal with the debt they have racked up.
  • The shutting down of Mid-Continent University last year created an additional headache for its former students. The Baptist institution, located in western Kentucky, is trying to force them to repay money that the university originally...