Corinthian Colleges Inc is the first university operator in the United States to feel the force of a government crackdown on the $28 billion for-profit education sector. As part of an agreement with the Department of Education- the same deal to which Wickiser's login page made reference- Corinthian has six months to sell most of its campuses or close them down.» Read More
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.
After making the short heard 'round the world with his bet against the subprime housing market, here's what Steve Eisman, one of the key players in "The Big Short," is betting against now.
As a main character in Michael Lewis’s bestseller, “The Big Short,” Eisman is best known for getting the subprime crisis right. But at the time, his attempts to warn regulators were ignored. This time they’re listening, especially after he capitalized on his role in the book with a report last June at an investment conference headlined, “Subprime Goes to College.”
A year after a disastrous 27% percent decline that prompted layoffs, the Harvard endowment reported a solid 11% increase, the NY Times reports.
The for-profit education industry has come out swinging against proposed changes in rules by the Education Department that could curtail government financial aid.
As Wall Street recovers from the financial crisis, one business school in its backyard is changing the way it positions students for jobs.
As for-profit college scrutiny increases, executive compensation at these companies may be worth a look.
On Friday, the Department of Education issued a report on the rate of loan repayments by college students. This is important because if the rates are too low students at those schools might not qualify for government loans,, without which some of these companies would have a hard time making a go of it.
An investigation by the Government Accountability Office (GAO) contends that for-profit colleges encouraged fraud and engaged in deceptive and questionable marketing practices.
Jeffrey Miron's sabbatical at the National Bureau of Economic Research in Cambridge, Mass. in the second half of the 1980s didn't turn out the way he expected. He gradually abandoned macroeconomics to focus on drug policy and economics in crime.
Civil Rights. Tyranny. War. These are a few of the historical events students have felt so passionately about that they've taken to the quad in protest. Add one more to that list: The sage advice of JPMorgan's Jamie Dimon.
Here are the degrees that garner the highest salary offers, according to the National Association of Colleges and Employers.
"There are many reasons why complexity flourishes in an organization – but one of the most common is “initiative overload.” Just like an individual can only handle so many things at once, the same is true of organizations," writes the author in this guest blog.
Many New Year resolutions will revolve around career. Here are some questions to answer so you can get a running start into 2010.
Tis the season to be merry again or so they say. With Christmas a week away, the remaining 90 percent of the population that still have jobs might need some help getting into the swing of things this year.
The cost of attending a four-year private college in the US increased 4.3%, to an average $35,636, this year. The cost of a public college grew even more.
At its top levels, the American system of higher education may be the best in the world. Yet in terms of its core mission — turning teenagers into educated college graduates — much of the system is simply failing.
You don't have to wait for the Labor Department report on employment. If you want to know the state of the job market, look no further than Trina Thompson. A recent IT grad, Thompson is suing her college because she hasn't found a job yet.