Department of Education shuts down for-profit Corinthian Colleges

everest college

Federal regulations are designed to make sure that colleges that don’t offer a good value to students, don’t get student aid money.

Corinthian Colleges will put 85 of its U.S. campuses up for sale and close the remaining dozen under an agreement with the U.S. Department of Education. The for-profit college chain operates campuses under the names Heald, Everest and WyoTech. It has more than 70,000 students across North America. It’s the largest-ever college, by enrollment, to be shut down in this way.

 

 

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Y Combinator – Nonprofit startups are just like their counterparts

Watsi.org co-founders.

Is there a difference between building a successful for-profit and nonprofit startup?  Not much, according to Paul Graham, founder of Y Combinator, there isn’t much of a difference. Y Combinator is an elite accelerator program in Mountain View, Calif., that accepted a nonprofit for the first time this month, Watsi.org. “You could never tell there was a nonprofit mixed in,” he said in a phone interview recently.

 

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Senate report blasts for-profit colleges

Sen. Tom Harkin (D-Iowa) presents findings from a two-year investigation into the for-profit college industry.

Sen. Tom Harkin (D-Iowa) on Monday unveiled an exhaustive report on a two year investigation of the for-profit higher education industry.  The report on the colleges’ business practices, highlighting schools that charge excessively high tuition and shortchange academic investments in order to maximize revenues.

 

 

 

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