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Publisher Ryan Busch interviews Steve Gunderson, President & CEO of APSCU, as part of the 2014 APSCU Conference Rewind video interview series filmed live at the APSCU conference in Las Vegas, Nevada.

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Career College Central Summary:

  • Two hedge funds are suing to block a deal that would wipe out most of Education Management Corp.'s debt and make creditors the majority owners of the beleaguered operator of for-profit colleges.
  • The lawsuit was filed Tuesday in federal court in New York by Magnolia Road Capital and Marblegate Asset Management. It adds to the financial and legal problems that have plagued the Downtown-based company.
  • The firms say they...
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Career College Central Summary:

  • Grand Canyon Education (NASDAQ:LOPE) shareholders could cash out big if the for-profit education provider follows through on converting to nonprofit status and ditches the stock market.
  • The Phoenix-based company announced late Wednesday that management is exploring whether to become a traditional nonprofit university.
  • Shares jumped 12% to a seven-month high in the stock market today.
  • The stock rally is...
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Career College Central Summary:

  • For-profit colleges with graduates unable to pay back their student loans could soon face scrutiny by the federal government.
  • Schools with career-oriented programs that fail to comply with the new rule announced Thursday by the Obama administration stand to lose access to federal student-aid programs.
  • To meet these "gainful employment" standards, a program will have to show that the estimated annual loan...
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Career College Central Summary:

  • Grand Canyon Education Inc. said the for-profit education provider will consider converting to a nonprofit entity.
  • The company said that management wanted to explore the possibility of a conversion, and said a committee of independent board members will “explore options aimed at enhancing stockholder value.”
  • Grand Canyon said a conversion would enable it to “conduct itself in the future as a traditional...