Posts Tagged ‘For-Profits’

University of Phoenix closing 115 locations

Apollo Group Inc. said Tuesday that its fiscal fourth-quarter net income tumbled 60 percent, hurt by higher costs and declining enrollment at the University of Phoenix. To cope, the for-profit education company plans to close 115 of the university’s mostly smaller locations, a move that will affect 13,000 students. Bloomberg Businessweek News Full Article

End of the Beginning

Senator Harkin’s two-year investigation of for-profit higher education ends, but the policy battle is far from over. What comes next? Inside Higher Education Full Article

Results Are In: Harkin releases critical report on for-profits

A U.S. Senate committee released an unflattering report on the for-profit college sector on Sunday, concluding a two-year investigation led by Sen. Tom Harkin, an Iowa Democrat. While the report is ambitious in scope, and scathingly critical on many points, it appears unlikely to lead to a substantial legislative crackdown on the industry — at […]

Students say for-profit college targeted African Americans, women in online and TV ads

For only the second time in the U.S., a college has been formally accused of targeting minorities and women in TV and online advertisements. And a group of students claims the for-profit institution fell well short of accreditation requirements, costing graduates jobs over the past two years. eCampus News Full Article

Online learning provider K12 faces class-action lawsuit

After a recent New York Times article implied that online learning giant K12 Inc. focuses more on its bottom line than student performance, the company now faces a class-action lawsuit alleging that it violated securities laws by issuing false and misleading statements regarding its business prospects.eSchool NewsFull Article

Durbin Urges Accreditor to Make Details of University of Phoenix Review Public So Students Can Make Informed Decisions

WASHINGTON, D.C.] – U.S. Senator Dick Durbin (D-IL) late yesterday urged the Higher Learning Commission, which reviews and accredits colleges and universities, to make public the details of their upcoming review of the University of Phoenix. According to Durbin, with the University of Phoenix being the subject of at least five state lawsuits and an […]

Crackdown on For-Profits

Sacramento has upstaged Washington as the hot spot for policy debates over for-profit higher education.While federal scrutiny over for-profits continues, some of that energy has shifted to states. And a recent flurry of activity in California has many observers wondering if the Golden State will be where advocates for tighter regulation of the industry make […]

Knowledge comes at a price

Do US for-profit colleges widen access to universal education or are they just a way to make money? US for-profit colleges, such as the 373,000-strong University of Phoenix, account for about 12 per cent of students in US higher education, including a quarter of management students.Financial Times Full Article