Topic: Education Management Corporation
Some programs at for-profit colleges aren’t satisfying the Obama administration’s ‘gainful employment’ rule for graduates, according to new data from the US Education Department.
Financial aid dollars from the US government represents up to 90 percent of revenues of for-profit colleges. When the Department of Education laid down new conditions for financial aid access, the colleges' shares didn't tank. They soared on Wall Street.
06/06/2011 01:30 am