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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November 4, 2010, 12:05 AM
Amid growing criticism and government scrutiny of for-profit colleges, Democrat Jerry Brown and other California candidates this year reaped a healthy chunk of campaign cash from education giant Apollo Group and its wealthy chairman. The Arizona-based parent company of the University of...
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October 19, 2010, 12:05 AM
To a prospective college student, most of the announcements made last week by executives at the for-profit education giant Apollo Group Inc. would sound pretty good. In an Oct. 13 conference call, officials at the parent company of University of Phoenix told analysts that they were going to...
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October 6, 2010, 12:05 AM
A lawsuit filed this week by a for-profit college in Florida accuses a nearby public college of conspiring with outside groups, including the Institute for College Access and Success in Oakland, to sully the for-profit's image and harm its business. Fort Lauderdale-based Keiser University...
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September 28, 2010, 12:05 AM
Nearly a third of students who borrowed money to attend the for-profit Everest College in San Bernardino defaulted on their federal student loans in 2008, according to data recently released by the U.S. Department of Education. That gives Everest's San Bernardino campus the highest default rate...
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June 28, 2010, 12:05 AM
In the first of several planned Senate hearings investigating the for-profit education industry last week, a former supervising deputy attorney general testified that, based on her experience in California, consumer abuses in proprietary schools are among the most egregious in any industry and will...
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