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March 14, 2014
09:40 EDTAPEI, DV, CECO, STRA, ESI, COCO, LOPE, BPI, APOLObama Administration unveils new proposed gainful employment regulations
The Obama Administration earlier today announced new proposed gainful employment regulations. The regulations would address growing concerns about burdensome student loan debt by requiring career colleges, many of which are owned by for-profit education companies, to do a better job of preparing students for gainful employment or risk losing access to taxpayer-funded federal student aid, the administration stated. Under the regulations, all gainful employment programs would have to pass metrics to continue eligibility in the federal student financial aid program, including: the estimated annual loan payment of typical graduates does not exceed 20% of their discretionary earnings or 8% of their total earnings and the default rate for former students does exceed 30%. About 20% of for-profit education programs would fail to meet the standards in the regulations, and another 10% would be in a warning zone, Education Secretary Arne Duncan said yesterday, according to Inside Higher Education. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon Education (LOPE), ITT Educational (ESI) and Strayer (STRA).
News For APEI;DV;CECO;STRA;ESI;COCO;LOPE;BPI;APOL From The Last 14 Days
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July 30, 2014
11:14 EDTBPIHigh option volume stocks
High option volume stocks: EXAM ASML EWY TQNT NFX RFMD RATE BPI GALT ZLTQ
July 29, 2014
10:37 EDTSTRAStrayer upgraded to Hold from Sell at Deutsche Bank
July 28, 2014
08:04 EDTBPIBridgepoint Education discloses SEC subpoena, Massachusetts investigative demand
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July 21, 2014
10:32 EDTCOCOCorinthian Colleges confirms appointment of independent monitor
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July 20, 2014
15:51 EDTCOCOEducation Department names team to monitor Corinthian Colleges
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July 18, 2014
08:33 EDTDVDeVry discloses receipt of letter from NY AG regarding ads, marketing
DeVry disclosed in a regulatory filing that on July 15 DeVry Group received a letter from the Office of the Attorney General of the State of New York requesting cooperation with the NYOAG’s inquiry into whether recent television advertisements and website marketing regarding DeVry University may have violated federal and state laws prohibiting false advertising and deceptive practices. The letter requests relevant information from January 1, 2011, to the present to enable NYOAG to make a determination of what action, if any, is warranted. "DeVry Group intends to provide the Office of the Attorney General with its full cooperation with a view toward demonstrating the compliant nature of its practices. The timing or outcome of this matter, or its possible impact on DeVry Group’s business, financial condition or results of operations, cannot be predicted at this time," the company stated.
July 17, 2014
08:05 EDTCECOHLC continues accreditation for American InterCollege University
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