The CFPB has filed a lawsuit against one of the largest for-profit college chains in the U.S., claiming it used predatory lending practices, CNBC's Herb Weisbaum reports.» Read More
The dramatic rise in student debt—and in student loan defaults—could leave the American taxpayer on the hook for hundreds of billions of dollars.
For-profit colleges may have unusually high student dropout and loan default rates, but their CEOS receive enormous compensation packages.
The Education Department is trying to crack down on high dropout and default rates at for-profit colleges and universities..
Education Secretary Arne Duncan noted that millions of students do not take full advantage of federal student aid. But the vast majority of that aid consists of loans, and the nation’s student loan debt—and student loan defaults—are going rapidly.
College costs shouldn’t be only the parents’ concern. Children can help out too, explains CNBC's Sharon Epperson in an excerpt from her book "The Big Payoff."
There are as many ways of saving for higher education as there are majors at college. CNBC's Sharon Epperson offers a few of them in this excert from her book “The Big Payoff: 8 Steps Couples Can Take To Make The Most of Their Money – And Live Richly Ever After.”
Student loans are a financial anchor around graduates' necks, saddling them with decades of debt and forcing them to make poor career and life choices.
With China’s debut in international standardized testing, students in Shanghai have surprised experts by outscoring their counterparts in dozens of other countries, in reading as well as in math and science, according to the results of a respected exam. The NYT reports.
For every effective business, data drives decision making from the cubicle to the boardroom. Without supporting data, new projects and products are not funded, people are not added, and marketplace conditions are not understood. This basic principle of American business is starting to take hold in American education. As a result of better data in recent years, America has awakened to its dropout epidemic.
A gift by the McCormack family, announced Wednesday, will ensure that McCormack's legacy will be lasting.
The falling value of U.S. dollar has made the prized American degree a lot more affordable for tertiary students from Asia.
The US can afford another stimulus package but needs to commit to long-term deficit reduction to help states handle pension liability, Laura D’Andrea Tyson, an economic adviser to Obama, told CNBC Monday.
ITT Education’s spacer board in recent weeks okayed the purchase of five million shares. This makes zero sense to me because the company has told investors it really doesn’t know how it’ll be affected by new Education Department rules.
Columbia Business School wants students to clean up their acts. Literally.
As any parent knows, college can cost a small fortune.Here's the ten most expensive for the 2010-2011 acadmeic year, according to CollegeGrotto's annual list.
The head coach of Duke University’s championship men’s basketball team told CNBC Wednesday that frequent face-to-face communication is the way to develop a winning team, whether in sports or in business.
Technology has become so entwined with college students' often frantic lives that most in a new survey say they'd be more frazzled without it.
Colleges consistently depend on using a certain percentage of there endowment money every year, but because of the near zero percent interest rate environment they find themselves having to rethink the way they invest.
When the Senate HELP Committee holds its hearing on for-profit schools Thursday, it's likely to get an earful from Kathleen Bittel, a current employee of Education Management. Education Management spacer, whose Art Institutes represent more than half its enrollment, went public last October. The company’s largest investor is Goldman Sachs spacer. In SEC filings the company claims that around 85 percent of its students land jobs in their field or a “related field” within six months of graduation.
As the US Department of Education weighs new rules at for-profit colleges, the president and CEO of Devry Inc., a major player in that arena, told CNBC Thursday that half the loans for higher education in the country would fail under the deparment's new definition for repayment.