Monday, May 23, 2011
According to new federal government statistics, the loan default rates for students at for-profit schools in 2009 were substantially higher than at traditional private and public colleges and universities. At for-profit schools, students defaulted on their loans at a rate of 15.2 percent, according to new U.S. Department of Education numbers; in contrast, the default rate was 4.7 percent at private institutions and 7.3 percent at publicly funded schools.
Friday, May 20, 2011
The New York Times reports that the New York Attorney General has launched an investigation into practices at Trump University and other for-profit schools that sell expensive programs to adults seeking to better themselves. The price of a course at Donald Trump's school can be as much as $35,000. Other companies under investigation in New York including the owners of Ashford University, Everest Institute, American InterContinental University, and Lincoln Technical.
Thursday, May 19, 2011
An item in the Boston Globe reports that the Massachusetts attorney general is investigating recruiting and financing practices at University of Phoenix, as well as Kaplan Career Institute and Corinthian Colleges, which is the parent company of Everest Institute.