Posts Tagged: for-profits

A “Wage Penalty” for For-Profit Students

Community college students who transferred to for-profits in the early to mid-2000s earned roughly 7% less over the next decade than those who transferred to public or private nonprofit institutions, according to a study by the Center for Analysis of Postsecondary Education and Employment housed at the Community College Research Center (CCRC) at Columbia University Teachers College. The authors o...

DC Shuttle: Loan Rate Bill on to WH; Workforce Reauthorization Trudges Ahead; Info From For-Profits Deemed Inconsistent

Student loan interest rate bill sent to president. On Wednesday, the House approved the Bipartisan Student Loan Certainty Act (H.R. 1911) by a vote of 392 to 31. The Senate passed the legislation the previous week and the bill is headed to the president, who has endorsed the legislation, for approval. The bill would modify how interest rates on federal student loans are set, tying interest rates t...

DC Shuttle: Bill Would Make Sure Student Aid Funds Aren’t Spent on Marketing

Senate Health, Education, Labor and Pensions (HELP) Committee Chair Tom Harkin (D-IA) is sponsoring legislation to prevent colleges from using federal student aid revenue, including Post 9/11 GI Bill benefits, to fund marketing activities. Sen. Kay Hagan (D-NC), who is also sponsoring the not yet introduced bill, said that it would "protect taxpayers' investment of billions of dollars in stud...

DC Shuttle: Congress Looking at Changing Rule that Requires For-Profit Colleges Get No More than 90% of Revenue from Feds

The Labor-HHS-Education appropriations bill's $158 billion in discretionary funding provides a 0.12% funding increase from FY 2011 Education Department funding levels, and includes a provision to maintain Pell Grants at their current $5,550 maximum level. FY 2012 funding for the Education Department's Race to the Top competitive grant program would match current funding at $698.6 million. The Prom...