for-profit education

When Is an 'Affordable' College a Bad Deal?

In recent years, the number of students enrolling in for-profit educational institutions has more than quadrupled. Tuition is lower that at private colleges, and there's more flexibility. But there's good reason to worry that most of those students are wasting their money and time.

Private Student Loans: Subprime Mortgages of the College World

Student loan debt is a $1 trillion issue today, but according to the Consumer Financial Protection Bureau, one fairly small part of the student loan market appears to be most responsible for many of the problems borrowers face: private student loans.

Obama Orders For-Profit Schools to Stop Scamming Our Troops

Last week, President Obama signed an executive order to protect veterans, soldiers and their families from being swindled and hoodwinked by for-profit schools. Check out some of these shady behaviors, and you'll understand what set Obama off.

What to Watch This Week: Seeds, Sex, Schools and FedEx

On Monday, the stock market will take the day off to shake the confetti out of its hair. But on Tuesday, it'll be back to business as usual on Wall Street. Here are some of the items that will shape the first trading week of 2012.

For-Profit Colleges Could Lose Federal Aid

Some for-profit colleges may lose access to U.S. government aid as the Department of Education works to improve oversight of the sector. Colleges that pay recruiters based on how many students they sign up could be disqualified from participating in federal-aid programs, Bloomberg News reported. The student aid is worth $26.5 billion and can account for as much as 90% of company revenue.

For-Profit Education Enriched at Expense of Students, Staff

The for-profit education industry takes concepts of building customer loyalty through good service and turns them upside down: It preys on society's weakest members and hires desperate sales people who must harass these people into borrowing money they're unlikely to ever repay.

America's Thriving Poverty Business

Business is booming for companies that reap profits from the growing number of Americans with their backs to the financial wall. Former New York Times reporter Gary Rivlin's new book Broke, USA dives into the world of pawnshops, payday lenders and the rest of the "poverty business."

A Roadblock for New Rules on Loans at For-Profit Colleges

Consumer advocates have been pushing for the government to curb excessive debt loads among graduates of for-profit colleges. But Education Department rules on this issue have been delayed. The regulations should be passed -- and extended to all colleges, not just for-profit ones.

Reform Is Coming to For-Profit Education Industry

The for-profit education industry has grown rapidly for the past decade on the backs of the most vulnerable members of society. But now, with the Department of Education on track to clamp down on abuses, and the Senate planning hearings, it looks like the party may be ending.

Selling Education Short: For-Profit School Stocks May Be Ripe for a Fall

Since George W. Bush gutted regulations on the for-profit education industry, it has experienced huge profit growth, while appalling percentages of its students drop out with no degrees and big debts. But if the government restores consumer protection regulations, look for those profits to plummet.