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For-Profit-College Group Releases Standards of Conduct for Industry

September 13, 2011 ~ Inside Higher Ed

The Foundation for Educational Success today released voluntary standards of conduct that would apply to for-profit colleges that sign on to the statement. The foundation, which is affiliated with the Coalition for Educational Success, a membership group representing for-profit institutions that collectively enroll more than 350,000 students, said that experts from higher education, business and government had developed the standards.

Signatories will have one year to implement the requirements, which those behind it say "will provide strong new student protections; guidelines for training, enrollment and financial aid; and include an enforcement mechanism to ensure that participating schools adhere to the principles of the new standards."

The standards, which have been developed over a period of months, appear to be an attempt at self-regulation, with what sponsors call "rigorous third-party" enforcement. They cover several controversial areas for the industry, with recommendations that prohibit incentive compensation for admissions and financial aid employees, and that require disclosure to students of information about transferability of credit, entrance and exit loan counseling, and a trial period of 21 days during which students can withdraw without incurring tuition-related expenses. The major question that surrounds the standards -- one of several efforts by for-profit colleges to hold themselves accountable amid heavy government scrutiny -- is whether institutions will choose to participate.

 

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    2012 NACCAS Accreditation Handbook Available

    January 14, 2012 ~ NACCAS

    NACCAS has published their 2012 Edition of their Accreditation Handbook - dated January 1, 2012.  As of that same date, they updated their Standards and Policies as well as their Rules of Practice and Procedure.

    Click here to download a pdf copy of each document.  They can be found on the left side of their page under "Member Resources." 

     
    2012 ABHES Accreditation Handbook Available

    January 14, 2012 ~ ABHES

    ABHES has published their 17th Edition of their Accreditation Handbook - dated January 1, 2012.

    Click here to download a copy.

     
    2012 DETC Accreditation Handbook Available

    January 14, 2012 ~ DETC

    DETC has published their 19th Edition of their Accreditation Handbook - dated January 4, 2012.

    Click here to download a copy and a pdf of the changes that were made for this years publication. 

     
    What's the Real Impact of the President's Student Loan Plan?

    October 27, 2011 ~ Education and Labor Committee ~ RSS Article

    White House officials announced a new plan they claim will significantly lower student loan payments. In a speech yesterday at the University of Colorado, President Obama told students, “Americans could see their payments go down by hundreds of dollars a month.” Sounds great – but like most things with this administration, the facts reveal that the average student loan holder is unlikely to see any real impact from this plan.
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    Obama's Student-Loan Plan Scores Political Points but Offers Limited Relief

    October 26, 2011 ~ The Chronicle of Higer Education ~ Kelly Field

    With the nation's student-loan debt approaching $1-trillion, and default rates at their highest level in a decade, President Obama is taking modest steps to ease students' debt burdens.
    Read more...