The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data.
Education Department documents show that students filed nearly 24,000 federal fraud complaints between President Donald Trump's Jan. 20, 2017, inauguration and April 30 this year, almost entirely against for-profit colleges.
The Consumer Financial Protection Bureau is suing Navient Solutions, but says the Education Department is impeding the lawsuit. Navient has hundreds of employees in the Indianapolis area.
The lawsuit alleges that ITT Educational’s bankruptcy and the closure of its 130-school chain could have been avoided or minimized if the board of directors had fulfilled its duties instead of focusing on keeping former CEO Kevin Modany happy.
VeriCite Inc., a Fishers-based maker of plagiarism-detection software, is being acquired by Turnitin, a Silicon Valley-based leader in the plagiarism-detection industry. Turnitin officials said they will maintain and grow its local presence.
A former National American University official alleges that the South Dakota-based for-profit college system defrauded the federal government out of millions through student loans, according to a federal lawsuit.
Butler University’s College of Education plans to move into the main Christian Theological Seminary building in the 2018-2019 academic year.
Ray Henderson, who operates the boutique advisory firm Lessons Learned Ventures LLC, said he has joined the board of VeriCite as chairman with plans to “build the business in Indiana.”
The SEC broadly charges that two former ITT Educational Services executives concealed from investors the “extraordinary failure” of two off-balance-sheet student loan programs ITT helped set up in 2009 after the financial crisis shut down the market for traditional private education loans.
The Department of Education is considering only partially forgiving federal loans for students defrauded by for-profit colleges, according to department officials, abandoning the Obama administration's policy of erasing that debt.
The “Grow with Google” tour will offer free workshops and one-on-one coaching for job seekers, students, teachers and entrepreneurs.
Purdue University says it has won U.S. Education Department approval to move forward with its plan to acquire for-profit Kaplan University and operate it online as Purdue NewU.
Tens of thousands of former students who say they were swindled by for-profit college operators like ITT Educational are being left in limbo as the Trump administration delays action on requests for loan forgiveness.
The SEC in a blistering 56-page suit had charged that the pair concealed the company’s rapidly eroding financial condition and “routinely misled” the firm’s outside accounting firm, PwC. It’s not clear what the terms of the settlements were.
Who attends coding boot camps? It might surprise you.
The for-profit coding academy, which opened an Indianapolis school in spring 2015, said it will cease operations at all locations at the end of the summer.
USA Funds had long been preparing to adopt a new mission after decades as the nation’s largest student loan guarantor.
Mimir, which was previously based in West Lafayette, recently moved its headquarters to downtown Indianapolis. It has 14 employees, up from three last year.
The agreement would allow Christian Theological Seminary to receive a 100-year lease to remain on its 40-acre campus.
The company that owns one of the nation's largest for-profit college chains is taking on a new moniker.
