Compliance & Regulatory

Career College Central Summary:

  • New legislation presented in Congress aims to limit the for-profit college industry with new financial regulations, additional record-keeping requirements, and a stronger set of sanctions for violations.
  • Business Insider reports the PRO Students Act would require for-profit colleges to get at least 15% of their revenue from sources outside of federal student aid dollars and would prohibit them from using the federal money for...

Career College Central Summary:

  • Corinthian Colleges Inc. was once one of the nation's largest for-profit college chains, enrolling tens of thousands of students in career programs as the recession displaced millions of workers.
  • Now the Santa Ana company is almost out of business. On Sunday, Corinthian announced that it would close more than two dozen of its remaining schools, leaving 16,000 students scrambling for alternatives.
  • Corinthian's...

Career College Central Summary:

  • A Rhode Island woman has filed a lawsuit alleging that weak security measures at the for-profit college she attended in Boston allowed an intruder to enter her dorm room and sexually assault her.
  • The woman says in the suit filed April 2 in Suffolk Superior Court that a male non-student tried to rape her at New England Institute of Art after a security guard "allowed the nonresident assailant to enter the living area."...

Career College Central Summary:

  • IN FEBRUARY, 15 students of Corinthian Colleges, a private education company in the United States, decided to refuse to pay back their student debt. Within a month, the students on debt strike swelled to 100. These are among the 400 students who took out predatory loans to attend the for-profit Corinthian Colleges—part of a landscape of moneymaking private institutions. The U.S. government is not unsympathetic to the plight of these...

Career College Central Summary:

  • Hillary Clinton, on her first trip to Iowa after declaring her presidential candidacy, criticized for-profit colleges and talked about college costs in a discussion at Kirkwood Community College.
  • She said it was important to look at "some of the for-profit schools, some of the scandals that have arisen in these places where they have taken all this money… and put all these people into debt" without providing...