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| September 20, 2018

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forprofit Archives -

Trump gets an F from judge for favoring ‘predatory’ for-profit colleges

September 18, 2018 |

President Trump, who paid $ 25 million to settle allegations he defrauded Trump University students, and whose private-school education was covered entirely by his parents, was handed a legal defeat last week in his efforts to ignore a rule enacted by the Obama administration to protect student…


L.A. Times – Business

Under Trump, full loan forgiveness is rare for swindled students of for-profit colleges

September 8, 2018 |

The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data obtained by the Associated Press.

The figures demonstrate the effect of Education Secretary…


L.A. Times – Business

Defunct for-profit college firm ITT’s former executives settle fraud charges

July 11, 2018 |

Former top executives at ITT Educational Services, the parent company of defunct ITT Technical Institute, have settled fraud charges with the Securities and Exchange Commission, avoiding a trial that was slated to begin Monday.

A judgment order entered Friday puts to rest civil fraud charges filed…


L.A. Times – Business

For-profit DeVry University is getting a new owner: a Silicon Valley company

December 6, 2017 |

DeVry University, one of the nation’s largest remaining for-profit college chains, is getting a new owner.

The chain’s parent company, Illinois-based Adtalem Global Education Inc., plans to transfer ownership of DeVry University and its Keller Graduate School of Management to Silicon Valley-based…


L.A. Times – Business

Almost all student loan fraud claims involve for-profit colleges, study finds

November 9, 2017 |

Students who attended for-profit colleges filed more than 98% of the requests for student loan forgiveness alleging fraud by their schools, according to an analysis of Education Department data published Thursday.

The study by the Century Foundation represents the most thorough analysis to date…


L.A. Times – Business

SEC settles fraud charges against defunct for-profit college company ITT

July 5, 2017 |

The Securities and Exchange Commission has settled its fraud case against ITT Educational Services, but it continues to pursue top executives from the defunct for-profit college firm for deceiving investors about high rates of late payments and defaults on student loans backed by the firm.

A final…


L.A. Times – Business

Education Secretary Betsy DeVos suspends rules that cracked down on for-profit college abuses

June 16, 2017 |

As Corinthian Colleges Inc., ITT Technical Institute and other for-profit schools collapsed in recent years, the Obama administration overhauled regulations to make it easier to forgive loans for stranded students and to try to prevent future abuses.

Now, the Trump administration is suspending…


L.A. Times – Business

Immigration detainees should be held in for-profit prisons, panel says

December 2, 2016 |

Immigration authorities should continue holding people accused of immigration violations in for-profit prisons despite complaints about safety and other problems, a Department of Homeland Security review panel has concluded after examining the issue.

Privately run detention facilities have long…


L.A. Times – Business

Enrollment is tanking at the University of Phoenix, DeVry and other for-profit colleges

September 23, 2016 |

Some of the nation’s largest for-profit colleges are suffering steep declines in enrollment amid growing competition, new regulation and government pressure that led to the recent collapse of one of the industry’s biggest players, ITT Technical Institute.

The industry has been losing students for…


L.A. Times – Business

For-Profit College ITT Shuts Down After Loan Crackdown

September 7, 2016 |

ITT Technical Institute ceased operations at more than 130 campuses nationwide and eliminated most of its 8,000-plus employees after losing access to the lifeblood of federal student aid.
WSJ.com: US Business