Late on Friday, controversial for-profit college company Bridgepoint Education reported in a filing with the Securities and Exchange Commission that Marye Anne Fox, Chancellor Emerita and current Distinguished Professor of Chemistry at the University of California, San Diego, had resigned from the company’s board of directors on Thursday, “effective immediately.” Bridgepoint’s filing says, “Dr. Fox’s decision to
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Last Friday the Department of Education took a strong stand in favor of banning colleges that receive federal student aid from forcing students to bring disputes with their schools into secret arbitration proceedings, rather than allowing students to go to court.  Today in the middle of the last day of the negotiated rulemaking session on
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Lawyer Jamie Gorelick, who served in the Bill Clinton Administration as general counsel of the Department of Defense and later as Deputy Attorney General, this year successfully pressed the Pentagon on behalf of the nation’s biggest for-profit college, the University of Phoenix, to lift a suspension of the school for alleged recruiting abuses directed at U.S. military
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The Department of Veterans Affairs today suspended for-profit DeVry University from the VA’s “Principles of Excellence” status under the GI Bill.  The VA said in a statement that it had taken the action after it had reviewed a recent lawsuit filed by the Federal Trade Commission alleging that DeVry has engaged in deceptive marketing. In today’s statement and in a
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  As government regulators and law enforcement agencies in Washington and around the country have come to recognize that some of the biggest for-profit colleges have been deceiving and abusing students, and as media reports have exposed these abuses, and as many students have started to look elsewhere for their educations, at least one State
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A three-judge panel of the U.S. Court of Appeals in Washington DC this morning rejected the for-profit college trade group’s challenge to the Obama Administration’s gainful employment rule, a regulation that holds career training programs accountable for consistently leaving students with overwhelming debt.  Perhaps recognizing that the war of words over the rule had gone on
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The Wall Street Journal today published an op-ed arguing against providing broad student loan debt relief for people who were deceived by their colleges. The co-authors of the article, Jorge Klor de Alva and Mark Schneider, contend that such relief will be expensive — potentially more than $1 billion for students of now-shuttered for-profit Corinthian Colleges
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Mitt Romney will charge in a speech today, according to excerpts released in advance, that Donald Trump’s “promises are as worthless as a degree from Trump University.” Romney’s attack follows Marco Rubio’s recent hits on Trump’s unlicensed for-profit business “school”; at the last GOP debate, Rubio charged, “There are people that borrowed $36,000 to go to
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