Compliance & Regulatory

Career College Central Summary:

  • [The Senate Appropriations Committee] approved a provision, pushed by Senator Dick Durbin of Illinois, a Democrat, that would place a new restriction on some of the federal military benefits that are used at for-profit colleges. Durbin's language would change the so-called "90/10 rule" that caps for-profit colleges' receipt of grants and loans administered by the Education Department at 90 percent of their annual revenue....

Career College Central Summary:

  • The University of Texas is one of the nation’s top public universities, renowned for its rigorous academic standards, the caliber of its teaching staff, and world-class quality of its research programs. Alumni include bold-faced names in nearly every business sector and corner of public service, as well as 28 Rhodes Scholars, 26 Truman Scholars, 20 Marshall Scholars, 18 Pulitzer Prize-winners, and even nine astronauts. Its graduates enter...

Career College Central Summary:

  • The first bill, proposed in June by Sen. Lamar Alexander, the highest-ranking Senate Republican on education, and Sen. Michael Bennet, a Colorado Democrat, would simplify the Fafsa, the application all students must fill out to receive federal financial aid. The bill would slim the Fafsa from a daunting 108 questions to two: How much did your family earn two years ago, and how big is your family?
  • The second bill, from Sen. Marco...

Career College Central Summary:

  • Former federal prosecutor Patrick Fitzgerald has agreed to serve as an independent monitor of a troubled for-profit education company serving 72,000 students that has agreed to sell or close its campuses, the Education Department said Friday.
  • As part of an agreement with the Education Department, Corinthian Colleges agreed that an independent monitor would examine its...

Career College Central Summary:

  • Kent Jenkins is spokesman for Corinthian Colleges. He says both Corinthian and the U.S. Department of Education want no disruption for students during the sale. "Students are in class. Faculty and staff are at work," he says.
  • Jackiea Arnold, 30, is halfway through her dental assistant program. She says when she first heard the Everest Institute was for sale she was nervous. "I'm really not a school person, so once...