Compliance & Regulatory

Career College Central Summary:

  • The Corinthian 15, the narrative goes, fell victim to a bad actor, a predatory company that preyed on the good intentions students and their relative lack of opportunity. Corinthian Colleges, Inc.'s history of abuse, in this respect, grants the debt strike some amount of legitimacy, and brings to light broader issues with the for-profit education market.
  • That narrative is true, as far as it goes, but it leaves intact the student...

Career College Central Summary:

  • In August 2013, the Obama administration announced that they planned to publish their ratings of college and universities by the 2015-2016 academic year, which is only a few short months away.  The details of what they intend to do remain sketchy.  Nevertheless it seems likely that they intend to push forward with this ill-advised endeavor.
  • But, you might ask, why is the Obama administration taking it upon itself to become...

Career College Central Summary:

  • Fifteen students are refusing to pay back federal student loans taken out to attend schools owned by Corinthian Colleges Inc., a network of for-profit colleges located across the US and in Canada.
  • The New Yorker reports that Corinthian Colleges - which at one time enrolled more than 100,000 students - has faced a host of problems over the past few years, weathering lawsuits from the Consumer Financial Protection Bureau and the...

Career College Central Summary:

  • In a surprise move, Everest Colleges of Canada filed for bankruptcy protection late last Friday after its regulator, the Ontario Ministry of Training, Colleges and Universities, yanked its license to operate under the provincial Private Career Colleges Act.
  • Corinthian Colleges Inc., the Santa Ana, Calif.-based for profit which owns Everest Colleges’ Canadian subsidiary, was taken aback by the Ontario regulator's move. The...

Career College Central Summary:

  • Senator Lamar Alexander on Tuesday committed to finishing a rewrite of the Higher Education Act by the end of this year as he backed a plan written by colleges and universities to roll back federal requirements on higher education.  
  • “We’ll get it done this year,” Alexander, the Tennessee Republican who chairs the Senate education committee, told reporters.
  • He said he planned to hold a round of...