February 6, 2012, 10:43 AM
California's Attorney General has joined the U.S. Department of Justice and several other states in a whistleblower lawsuit against for-profit educational firm Education Management Corporation. See which attorneys general in other states have launched investigations of for-profit colleges.
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January 27, 2012, 12:05 AM
The accreditor that oversees several campuses owned by for-profit college company Career Education Corp. is demanding that it submit more accurate data on its job placement rates as part of a "show-cause" hearing, saying data the firm provided to the accrediting council in December was...
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December 5, 2011, 12:05 AM
A former for-profit college CEO who resigned last month after an investigation revealed the company was inflating job placement rates will receive a compensation package worth more than $5 million under the terms of his separation agreement, according to a recent filing with the U.S....
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November 18, 2011, 12:05 AM
New figures show two California campuses owned by for-profit education firm Career Education Corp. appear to have placed fewer than 65 percent of graduates in jobs – the minimum job placement rate required by the Accrediting Council for Independent Colleges and Schools. And...
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November 7, 2011, 12:05 AM
A for-profit education company with five campuses in California disclosed last week that an investigation by outside counsel found the company was inflating job placement calculations at several of its campuses – just one day after the company announced the CEO’s resignation. The...
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September 16, 2011, 12:05 AM
About 8 percent of California student borrowers who took out federal loans for college and entered repayment in 2009 defaulted on their loans within two years – the highest federal student loan default rate the state has seen in at least six years, according to new data from the U.S....
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August 15, 2011, 12:05 AM
The U.S. Department of Justice and attorneys general in four states, including California, filed a complaint last week against for-profit college giant Education Management Corp., which operates 14 campuses in the state under the Argosy University and Art Institute brands. The 122-...
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August 10, 2011, 12:05 AM
A for-profit education company with five locations in California has admitted that some of its health education campuses reported inflated job placement rates for its graduates. The announcement comes as the Illinois-based Career Education Corporation has tentatively agreed [PDF...
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June 6, 2011, 12:05 AM
The U.S. Department of Education last week released revised regulations on "gainful employment" – rules designed to hold for-profit colleges and some vocational programs at nonprofit universities accountable for their students' debt levels and employability. Even though the...
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May 25, 2011, 12:05 AM
California is one of two states to join a whistleblower lawsuit against Education Management Corporation, a for-profit college company that operates 14 campuses in the state under the Argosy University and Art Institute brands. California's notice to intervene, filed April 29 and recently...
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May 23, 2011, 12:05 AM
The New York state attorney general's office has subpoenaed five for-profit college companies, including two California-based operations, Bridgepoint Education of San Diego and Corinthian Colleges of Santa Ana. The New York Times and Bloomberg reported the investigation, which makes New...
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May 16, 2011, 12:05 AM
As California’s public university systems wrestle with state budget reductions, layoffs, course cutbacks and tuition increases, a new study poses the question: What is the return on investment for students and taxpayers on bachelor’s degrees at the nation’s colleges...
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May 4, 2011, 12:05 AM
A new California law that cuts off Cal Grants to colleges whose students default on federal loans at high rates will produce less than half of the previously expected budget savings – thanks to a data mix-up by the U.S. Department of Education. An analysis of the new, corrected data...
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April 25, 2011, 12:05 AM
The U.S. Department of Education says it made a mistake in the way it calculated rates of federal student loan borrowers who defaulted within three years of beginning payment, accidentally amplifying the rates by including too many borrowers in the calculation. The draft data the department...
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February 7, 2011, 12:05 AM
For-profit colleges top the list of California institutions with the highest rates of federal student loan borrowers who defaulted within three years of beginning payment, according to new data from the U.S. Department of Education. The state's trend mirrors the national outlook. Overall,...
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