For-profit educator Harrison College going out of business
Harrison, which was founded in Marion in 1902 as Indiana Business College, said it would close all of its campuses in three states on Sunday.
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Education chief loses student loan lawsuit brought by 19 states
Education Secretary Betsy DeVos' move to delay Obama-era regulations to help students defrauded by for-profit colleges was dealt a setback Wednesday.
Full loan relief rare for students defrauded by for-profit colleges
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.
For-profit colleges have more support, but complaints persist
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.
Watchdog says Education Department stonewalling student loan suit
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.
Bankruptcy trustee files $250M suit against ITT Tech’s former CEO, directors
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.
Local ed-tech firm acquired by industry goliath, to keep local presence
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.
Lawsuit claims for-profit school with Indy campus defrauded government
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 closes on purchase of seminary buildings, 40 acres of land
Butler University’s College of Education plans to move into the main Christian Theological Seminary building in the 2018-2019 academic year.
Firm that makes plagiarism-detection software gets boost from Indy entrepreneur
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.”
ITT failure a calamity, but former execs say not fraud
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.
Education Department might only partly forgive some student 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.
Google to launch 6-city tour in Indy for improving digital skills
The “Grow with Google” tour will offer free workshops and one-on-one coaching for job seekers, students, teachers and entrepreneurs.
Purdue wins federal approval for online university for NewU
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.
Action on student loan forgiveness delayed as rules revised
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.
ITT brass settled with SEC, but commissioners nixed deal
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.
Coding schools offer chance to restart
Who attends coding boot camps? It might surprise you.
Coding academy Iron Yard to close all locations
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’ new tack: Bet millions on education startups
USA Funds had long been preparing to adopt a new mission after decades as the nation’s largest student loan guarantor.
Ed-tech startup scales up team, picks Indy as home base
Mimir, which was previously based in West Lafayette, recently moved its headquarters to downtown Indianapolis. It has 14 employees, up from three last year.