Last month, 2U declared bankruptcy. The company was once ascendant among online program managers, or OPMs, companies that design and market virtual curricula for colleges while pocketing a significant share of tuition revenue. But enrollment in its programs plummeted for years, spurring the bankruptcy deal that still requires court approval. 2U was aware of its
Continue Reading >>>

Early this year, Beyoncé’s public charity BEYGood announced a tantalizing opportunity for budding cosmetologists. It would fund 25 scholarships, amounting to $10,000 each, for students attending one of five cosmetology schools nationwide. The idea is a good one — cosmetology students often come from low-income backgrounds and may end up taking out thousands of dollars in
Continue Reading >>>

Kevin Hoover uncovered problems soon after taking a job as the University of Antelope Valley’s executive financial aid director. He arrived at the California for-profit institution in December 2022, but said in an interview that he discovered misconduct had been occurring for a few years.  Students routinely did not receive federal financial aid refunds to
Continue Reading >>>

More than a decade ago, a for-profit college chain opened an outpost in Milwaukee: Everest College, owned by Corinthian Colleges. Soon after, Corinthian became one of the most well-known and devastating examples of a for-profit college collapse — it shut down in 2015 mired in legal and regulatory challenges, overnight leaving about 16,000 students without
Continue Reading >>>