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Career College Central Summary:

  • Despite a Securities and Exchange Commission complaint that the ITT Tech for-profit college chain lied to Wall Street investors about its finances — and a pending lawsuit by the Consumer Financial Protection Bureau that says the school pushed students into “predatory” private loans — ITT is still free to enroll new students, Florida’s Commission for Independent Education decided Thursday.
  • ITT is not...
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Career College Central Summary:

  • Education Management Corporation, which operates private, for-profit colleges across the country, announced earlier this month it will close 15 of its locations, including the Art Institute of York.
  • It’s another blow for Pennsylvania taxpayers who backed a $3 million state grant to the company in 2010, and evidence the state doesn’t always do a bang-up job of picking winners and losers.
  • Based in Allegheny...
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Career College Central Summary:

  • Bernie Sanders (I-VT) wants to see a “revolution” in higher education funding.
  • The longtime Senator and newly minted presidential candidate unveiled a bill Tuesday that would completely eliminate undergraduate tuition at four-year public colleges and universities. The bill would also expand work-study programs and allow graduates who collectively hold more than a trillion dollars in student debt to refinance at a lower...
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Career College Central Summary:

  • A recent report by the New York Federal Reserve Bank seems to be saying that America’s household credit and debt are about as uneven as the nation’s economic recovery. A new economic analysis found fewer foreclosures, bankruptcies and credit card delinquencies. However, the rates of delinquent auto and student loans are worse than before.
  • For most consumers, debt may seem like a constant companion – not a friend...
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Career College Central Summary:

  • In the pursuit of prestige, revenue, and rankings, more public universities have turned to dangling merit-based scholarships to attract more out-of-state students, according to a report by the New America Foundation released earlier this week. The result: shortchanging both poor students, who are less likely to receive such aid, and students in the states the universities are funded to serve.
  • Public colleges once devoted the biggest...