Document:

Coalition for Educational Success, February 2011

Summary:

Link to the site where the Coaltion posted documents it received from the Department of Education pursuant to two FOIA requests. The documents focus on the development of the gainful employment regulations and reveal the participation of short-sellers in the process from the beginning.

The Coalition announced they were releasing the documents on February 23, 2011.

Posted
AuthorKeith Blakeman

Document:

Department of Education, 2/3/11

Summary:

Excel file containing the current two-year and upcoming "trial" three-year cohort default rates for all schools participating in loan programs. As the Chronicle of Higher Education noted in its coverage, the current rate is 11.6% for for-profits, but would increase to 25% under the trial measure. The Chronicle has a sortable data table for "Institutions With 3-Year Default Rates of 30 Percent or Higher." This is the group of schools that would be in jeopardy of losing access to federal student aid if the rates remain 30% or more for three consecutive years, starting next year.

Posted
AuthorKeith Blakeman

Document:

ACT, 1/20/11

Summary:

Data released by non-profit college research group ACT, Inc. indicates that the retention rate is increasing at two-year schools but declining at four-year schools. This data tracks the first to second year retention rate for first time, full-time students with a survey of 2,500 colleges and universities.

Posted
AuthorKeith Blakeman

Document:

Citizens for Responsibility and Ethics in Washington, 1/19/11

Summary:

Blog post by Watchdog group CREW announcing their letter to Education Secretary Arne Duncan demanding an investigation into the role played by "hedge fund managers and outside interest groups" in the formulation of recent regulations targeting the for-profit sector. "CREW sought emails and other records regarding interactions between Education officials and Wall Street investors." CREW sued for the documents after Education refused to share and these documents form the basis of their allegations.

Posted
AuthorKeith Blakeman

Document:

National Association of Independent Colleges and Universities, 12/22/10

Summary:

Link to a good summary of the final regulations which contains links to NAICU documents about the organization's concerns with those regulations. Obviously, the summary and concerns relate most to private not-for-profit colleges, NAICU's members.

Posted
AuthorKeith Blakeman