For-profit Corinthian Colleges lied to students and investors about its job placement rate, according to a lawsuit filed by California Attorney General Kamala Harris.
The University of Phoenix will roll out more than 100 new partnerships with community colleges in the coming year. The nation’s largest for-profit university will offer bachelor’s degree programs to two-year graduates, gaining students who are more likely to graduate and repay their student loans.
Under increasing regulatory scrutiny, the University of Phoenix has seen enrollment drop precipitously from a peak near 500,000 to 320,000.
Two years after leaving college, 8.8 percent of borrowers have defaulted on their student loans, up from 7 percent. That includes 15 percent of for-profit college students.
Also on Community College Spotlight: President Obama wants to spend $5 billion to upgrade and repair buildings at community and tribal colleges. But college leaders aren’t holding their breath.