For-profit Institutions

‘Gainful employment’ rule drops defaults

Community college leaders like the U.S. Education Department’s final gainful employment rules, which focus on graduates’ debt-to-earnings ratio, but don’t consider default rates. The new regulations “protect students from predatory programs that lead to high levels of indebtedness,” said J. Noah Brown, president of the Association of Community College Trustees in a statement. “The final regulations […]

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‘Ability to benefit’ aid could be restored

High school dropouts with college-ready skills lost access to federal student aid in 2012. Now there’s bipartisan support for restoring “ability to benefit” (ATB) aid for students in “career pathways,” reports Inside Higher Ed. Two years ago, Congress wanted to cut Pell spending and “Democrats wanted to crack down on for-profits,” which enrolled many ATB students. Community colleges, which […]

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Second time isn’t the charm

Nearly all college completion data looks at first-time students. Completion rates are low for non-first-time students, reports Inside Track. Only 33.7 percent of returning students completed their degree, compared with 54.1 percent of first-time students. Only 27 percent of non-first-time community college students completed a certificate or degree in eight years, compared to 36 percent […]

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Why graduation rates are misleading

Federal college graduation rates don’t distinguish between certificates and associate degrees, presenting a misleading picture of community colleges and for-profit institutions, writes Ben Miller on EdCentral. According to the Integrated Postsecondary Education Data System (IPEDS), three-year graduation rates are much higher at for-profit colleges than at community colleges: 63 percent compared to 21 percent. However, […]

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If for-profits fold, where will students go?

When Corinthian Colleges was forced out of business, 72,000 students were displaced, write Mark Schneider and Jorge Klor de Alva on The Hill.  Students and taxpayers will pay the “real cost of Obama’s war against for-profit colleges,” they write. Schneider, president of College Measures, served as the U.S. Commissioner of Education Statistics from 2005-2008. Klor de Alva […]

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Colleges get break on default penalties

Only 21 colleges with high default rates — 20 for-profits and one public adult education program — are set to lose access to student aid this year. Many more were at risk. At the last minute, the U.S. Department of Education decided to omit some defaulted loans when calculating default rates.  The rate is based […]

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‘Some college’ pays — for some

California faces a shortage of middle-skill workers with technical certificates and associate degrees, reports the Public Policy Institute of California. In some fields, workers with “some college” earn no more than high school graduates: Child-care workers, solar installers, bakers, massage therapists, personal care aides, housekeepers and hairstylists don’t improve their earnings by attending college, PPIC reports. However, […]

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For-profit students borrow more, but don’t earn more

For-profit college students borrow more than community college students, but don’t earn more, concludes a Center for Analysis of Postsecondary Education and Employment (CAPSEE) working paper. Six years after enrollment, for-profit students are more likely than community college students to have earned a certificate or associate degree. They have lower employment rates and earnings compared […]

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Accreditors: Jellyfish or thugs?

“Are accrediting bodies toothless jellyfish, or jackbooted thugs?” asks Matt Reed on Confessions of a Community College Dean @insidehighered. Accreditation agencies enforce a producers’ cartel, argues Andrew Kelly in Forbes. It’s hard for new providers to get approval if they don’t resemble their predecessors, “but once you’re in the club, it’s remarkably rare to get kicked out.” […]

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Trained, jobless and in debt

Joe DeGrella of Louisville trained as a cardiology technician but works at AutoZone. Credit: Luke Sharrett for The New York Times Millions of laid-off Americans have used federal aid to train for new jobs, reports the New York Times. Yet many end up jobless and in debt. It’s not clear the $3.1 billion Workforce Investment Act […]

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