for-profit schools

A company that owns two national for-profit college chains said Thursday that it will erase nearly $500 million in debt incurred by former students as part of a settlement with 48 states and the District of Columbia. The deal with Career Education Corporation will resolve allegations that it lied about job placement rates and misled […]

WASHINGTON (AP) — Students defrauded by for-profit colleges scored an important victory on Tuesday, when a court cleared the way for an Obama-era policy that will make it easier for them to get their student loans forgiven. Education Secretary Betsy DeVos had said the regulation, known as borrower defense, made discharging loans too easy and […]

PITTSBURGH (AP) — A Pennsylvania company that enrolls more than 100,000 students at for-profit trade schools and colleges across the U.S. and Canada has agreed to pay $95.5 million to settle claims it illegally paid recruiters and exaggerated the career-placement abilities of its schools. Under deals announced Monday by the Justice Department and state attorneys […]