With the sudden closure of Education Corporation of America for-profit schools, a lot of students and faculty are very upset about the sudden notice of closure. A court filing by the Receiver details how the school had to pull the plug. You can read the saga below. Keep in mind that while the actual closure …
One of the most important decisions that students make about their futures is where to enroll in college. And higher education remains one of the best investments that you can make in yourself, as you pursue your passions, launch a career, and strive for fulfilling, thriving lives. Accreditation is important to consider as you choose …
For millions of Americans, federal student loans and grants open the doors to a college education. That critical federal student aid must be used at a school that is (among other things) given the seal of approval by an “accrediting agency” or “accreditor” recognized by the U.S. Department of Education. It’s one of the safeguards …
The Department of Education has finally announced an updated policy that will impact all of the 250 for-profit schools who relied on “accreditation” from the now discredited Accrediting Council on Independent Colleges and Schools (ACICS). These institutions relied on the value of achieving this accreditation to be eligible for access to offer federal student loans. …
The Department of Education has been pressuring ITT Technical over issues that impacted the schools ability to be eligible for federal student loans. In response, ITT has shut their doors to new students and left current students in a lurch. While ITT Technical says “Endless Possibilities” as of today, one of those possibilities is not …
The Consumer Financial Protection Bureau (CFPB) recently escalated a quiet action wit the Accrediting Council for Independent Colleges and Schools (ACICS). The issue raises some interesting questions about what role a school accreditation agency might play in the problem of easy access to student loan debt. Here is what public records say, “On August 25, …
