For-Profit College Barons Backed Trump, But Now May Be Scared
Many top for-profit college industry owners supported Donald Trump’s bid to return to the White House. They had benefitted when, during Trump’s first term, his education secretary, Betsy DeVos, largely ended federal regulatory and enforcement efforts to hold for-profit schools accountable for deceiving students and ripping off taxpayers. But some industry barons, having contributed to
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University of Phoenix Reportedly Considering Public Offering or New Buyer
Bloomberg reports that the private equity firms Apollo Global Management and Vistria Group are considering a sale or an initial public offering for the for-profit school they jointly own, the University of Phoenix. Unnamed sources told Bloomberg an IPO could occur as soon as the third quarter of 2025. For the past two years, Phoenix’s
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Federal Advisory Committee Should Denounce Trump-Musk Assault on Higher Education
Today I presented brief comments at a meeting of NACIQI, the U.S. Department of Education’s advisory committee charged with reviewing the performance of the private accrediting agencies that oversee quality and integrity at American colleges and universities. With only three minutes allowed for my comments, I delivered a slightly shorter version of the remarks below:
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Civil Rights Groups Sue Facebook and Instagram For Targeting Predatory College Ads at Black Users
A nonprofit advocacy group sued Meta this week, contending that the tech giant’s Facebook and Instagram platforms facilitate the targeting of ads for for-profit colleges to Black users, while disproportionately steering ads for public and non-profit colleges to white users. The lawsuit, filed in the District of Columbia Superior Court on behalf of the
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College Owner Returns to Board of Accreditor That Placed Her School on Warning
A for-profit college owner whose schools were in direct violation of the rules of their accreditor, ACCSC, has returned to a seat on the board of that accreditor after only a brief absence. Carol Palacios, executive director of Miami’s Atlantis University, was serving as chair of the commission at ACCSC around the time that board
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U of Idaho President Seems To Temper His Cheerleading for U of Phoenix Purchase
In testimony Monday before a joint committee of the Idaho legislature, University of Idaho president C. Scott Green seemed a little less committed to the deal he has relentlessly touted for more than a year and a half — for his school to buy, for $685 million, the huge for-profit University of Phoenix from private
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Feds Cancel Debts for 261,000 Students of Disgraced School Now Run by U. of Arizona
The Biden Department of Education announced today it has approved $4.5 billion in loan debt cancellation for 261,000 borrowers who attended for-profit Ashford University between March 2009 and April 2020. It also announced it would seek to ban Andrew Clark, the CEO of Ashford’s demised parent company, Zovio, from contracting with the federal government. The
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Education Department Cancels Debts for Students Who Attended Disgraced CEHE Schools
At the start of President Biden’s last week in office, U.S. Department of Education Miguel Cardona this morning announced a new student debt relief package that includes automatic debt cancellation for 73,600 borrowers who attended any school owned by the Utah-based Center for Excellence in Higher Education between 2006 and the school chain’s collapse in
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