For-profit Colleges Could Lose Federal Student Aid

The Department of Education is examining whether for-profit colleges meet their "gainful employment" standards

  • Education Department lets for-profit colleges reduce transparency, hurting students
    If colleges don’t meet these thresholds, their federal financial aid is at risk ... Higher education experts said that these changes would mean that any student who found a minimum wage job would lose out on full debt relief, regardless of whether ...
    02/4/2018 - 12:41 pm | View Link
  • Government decision could put for-profit colleges' accreditation in jeopardy
    Dozens of for-profit colleges in South Florida could lose accreditation after a federal decision ... That label is required to continue receiving federal student aid. Accredited schools also are more likely to attract high-quality faculty and students ...
    01/12/2017 - 12:54 pm | View Link
  • Many for-profit college programs may lose federal funding
    Hundreds of programs at for-profit colleges are at risk of losing ... least 12 percent of their yearly earnings on student loans, or 30 percent of their discretionary income. Programs can lose access to federal funding if they fail twice within three ...
    01/8/2017 - 6:30 pm | View Link
  • Feds may strip authority from accrediting agency for Ohio's for-profit colleges
    The national accrediting agency that gave the seal of approval making dozens of Ohio colleges eligible for federal student-aid money may soon lose its authorization to do so. If that happens, all of those schools, including several in central Ohio ...
    06/15/2016 - 1:01 am | View Link
  • New federal regulations could be disastrous for for-profit colleges
    New regulations enacted July 1 by the Department of Education require for-profit colleges to prove that their students ... which would cause 32% of the for-profit student population to lose their federal aid and be forced to drop out of school.
    08/13/2015 - 11:05 am | View Link
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