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For-profit Higher Education
There are all sorts of financial aid, housing and medical forms that most college students can expect to fill out before starting classes, but for the most part only those attending for-profit schools are confronted with a piece of paper that seeks to curb their rights. Enrollment contracts have become a popular way for career schools to protect their financial interest by tucking in clauses that bar students from filing class-action lawsuits or otherwise taking their grievances to the courts.
New York medical schools and their competitors offshore are clashing over a precious resource: the opportunity for students to watch and learn from doctors in hospitals.
As parents face the prospect of paying for college this fall, Sallie Mae is offering a new option for those considering borrowing to cover costs. The private lender said Tuesday that it is now providing parent loans at a lower cost than the government.
Anthony S. Bieda, who has been named interim head of the Accrediting Council for Independent Colleges and Schools, vowed to make major changes necessary to meet the concerns of federal officials and the organization’s critics. He said those reforms, if approved at the council’s annual meeting in May, would include a new standard holding colleges accountable for the data on student outcomes that they provide to the accreditor and making it easier to put a college on probation.
But as colleges increasingly rely on these international recruiters, educators worry that students may be victimized by high-pressure sales tactics, and that universities are trading away academic standards by recruiting less qualified students who pay higher tuition.
The main association of for-profit colleges in Washington on Thursday asked Education Secretary John B. King Jr. to delay implementation of the Obama administration’s “gainful employment” rule that is aimed at cracking down on for-profit colleges.
Sean O’Connor writes: Using CrunchBase, I took a look at $5.5 billion invested in 450 edtech companies over the last three years. I’ve highlighted those in this landscape that exhibit the qualities of an amazing company: a great team, an amazing product and the potential for a huge impact.
Twelve state attorneys general on Friday called on the U.S. Department of Education to deny federal recognition of one of the largest accreditors of for-profit colleges, including the now-defunct Corinthian Colleges.
Federal lawsuit seeks to force the Education Department to provide information about its debt collection practices, including their impact on minority borrowers.
The Department of Education sent cease-and-desist letters to two companies claiming to help students and student loan borrowers last week, accusing them of improperly implying an affiliation with the agency and asking them to stop.