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More than 1 million defrauded borrowers attended for-profit or formally for-profit schools such as Westwood College, DeVry University, Corinthian College, Ashford University, CollegeAmerica, and ...
The Education Department (ED) is rejecting borrower defense claims of defrauded victims of predatory for-profit colleges, according to letters and emails received by three applicants who told ...
The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its ...
In 2022, the ECA schools of Brightwood College, Brightwood Career Institute, and Virginia College were part of 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers, assisted by the Project on Predatory Student Lending, part of the Legal ...
Kee Business College – multiple locations in Virginia, subsidiary of Corinthian Colleges, Inc. King's College – Charlotte, North Carolina (closed December 2018) Las Vegas College – locations in Nevada and Texas, became Everest College in 2009
For-profit colleges receive money for servicemembers and their spouses attending college while still in the military. [104] In fiscal year 2018, for-profit colleges received $181 million or 38 percent of all DOD TA funds. For-profit schools also receive money from DOD for education of military spouses. The program is known as MyCAA. [105] [106]
The Federal Trade Commission (FTC) is taking on for-profit schools, rolling out new fines for colleges that mislead students about jobs and earnings prospects.
Brooks College, a Career Education owned school, was the subject of an unfavorable examination of for-profit trade schools in the CBS news magazine 60 Minutes which focused on alleged misrepresentations by admission representatives to prospective students.