Gainful Employment

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:

  • For Jeb Bush, former Republican Governor of Florida and heir apparent to the Bush dynasty, an official presidential campaign announcement is all but certain. With an extensive reservoir of financial and political capital, many believe he has already cultivated a strong sense of inevitability as a front-runner for the republican presidential nomination in the upcoming race. So what does that mean for higher education affordability and student...

Career College Central Summary:

  • The U.S. Department of Education on Tuesday fined Corinthian Colleges nearly $30 million for misrepresenting job placement rates at its Heald College chain, which officials said the troubled for-profit education company must now begin the process of closing.
  • Department officials said the Corinthian-owned Heald, which mostly operates in California, provided inaccurate information about graduates’ job prospects at each of its 12...

Career College Central Summary:

  • The U.S. Education Department fined Corinthian Colleges Inc., the for-profit education chain, $30 million for misrepresenting job-placement rates to current and prospective students.
  • Corinthian’s Heald College misstated 947 placement rates that inflated the employment prospects of graduates, the agency said.
  • Heald, a chain of business schools, paid temporary agencies to hire its graduates to work at jobs on its own...

Career College Central Summary:

  • A woman who attended Everest Institute in Grand Rapids is now refusing to pay her student loan debt, claiming the for-profit college misled students.
  • Mallory Heiney is part of the Corinthian 15, a national group raising awareness about America’s student loan debt crisis.
  • At 21 years old, she has nearly $30,000 in student loan debt for a licensed practical nurse diploma she received from Everest.
  • In 2013...