University of Phoenix lays off 900 after student exodus

University of Phoenix lays off 900 after student exodus

The University of Phoenix is shrinking in every way possible. It has lost students, employees and campuses at a breathtaking pace, and it’s making much less money than it once did. The for-profit institution has shed about half of its students over the past five...
Barack Obama pushes for-profit colleges to the brink

Barack Obama pushes for-profit colleges to the brink

On Wednesday, the Obama administration will begin choking off the financial lifeline of for-profit colleges whose graduates can’t find well-paying jobs — and the move is likely to accelerate a wave of shutdowns for an industry taking assaults from all sides. Reining...
3 Facts to Know About the New Student Loan Interest Rates

3 Facts to Know About the New Student Loan Interest Rates

Here’s the good news: New federal student loans are cheaper this year. The 2015-2016 federal student loan interest rates take effect July 1 and are more than one-third of a percentage point cheaper than last year’s rates. “This is something...
Student loan interest rates to drop after Wednesday

Student loan interest rates to drop after Wednesday

Thomas, 18, of Canton, is among thousands of Michigan students who will enter college this fall and have to use a student loan to help pay for it. “I don’t want to have a huge debt waiting when I get out,” the soon-to-be U-M freshman said. “But...
Feds Probe Debt Collector Targeting Student Lenders

Feds Probe Debt Collector Targeting Student Lenders

A federal probe into potentially illegal practices by student loan debt collectors could provide relief to thousands of Americans struggling to pay off costly college debt. The Consumer Financial Protection Bureau is investigating whether some collection agencies are...
Federal Court Deals Blow to For-Profit Colleges

Federal Court Deals Blow to For-Profit Colleges

WASHINGTON—A federal court has ruled in favor of tough new regulations aimed at career training programs, dealing a major blow to the for-profit college industry. In an opinion released Tuesday, the U.S. District Court for the District of Columbia ruled the Education...