April 2, 2011
Colleges Scramble to Avoid Violating Federal-Aid Limit
For-profits' tactics to comply with 90/10 rule raise questions
Scott Dorn
Corinthian Colleges Inc., which operates the Everest College system, among others, raised tuition as part of a lobbying campaign by for-profit colleges to remain eligible for billions of dollars in federal student aid.
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Scott Dorn
Corinthian Colleges Inc., which operates the Everest College system, among others, raised tuition as part of a lobbying campaign by for-profit colleges to remain eligible for billions of dollars in federal student aid.
Corinthian Colleges Inc.'s decision this winter to raise tuition at dozens of its Everest, Heald, and WyoTech campuses by an average of 12 percent, knowing that most of its students would have to go even further into debt, had nothing to do with rising costs or any improvements it was making in the curricula.
With many of its students already receiving the maximum in federal grants and loans, the company said it was raising its prices to create a financial gap that students would have
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