(Bloomberg) — Wall Street investment firms’ pursuit of short-term gains interferes with the educational goals of the for-profit colleges they invest in, said U.S. Senator Tom Harkin, chairman of the education committee. Goldman Sachs Group Inc., which owns 39 percent of Education Management Corp., is among Wall Street firms that “have no interest in the […]
(New York Times) — When Congress moved in 2008 to sweeten tuition payments for veterans, it was celebrated as a way to ensure that military personnel returning from Iraq and Afghanistan could go to college at no cost and to replicate the historic benefits society gained from the G.I. Bill after World War II. Now, […]
Schools that pay recruiters based on the number of students they enroll are the target.
There's substantial profits to be made if they can find their footing.
(Bloomberg) — Strayer Education Inc., a chain of for-profit colleges that receives three-quarters of its revenue from U.S. taxpayers, paid Chairman and Chief Executive Officer Robert Silberman $41.9 million last year. That’s 26 times the compensation of the highest-paid president of a traditional university. Top executives at the 15 U.S. publicly traded for-profit colleges, led […]
(LA Times) — The Education Department on Thursday issued regulations governing for-profit colleges, a rapidly expanding education sector that has been criticized in Congress for allegedly providing students with poor educations while saddling them with excessive debt. Issued after a year of negotiations, the new regulations are intended to improve the Education Department’s ability to […]
The online education business model aims to serve African-American students.