For-profit college with 7 Florida campuses to pay $95 million

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South University on probation, faces sale. dozens of campuses, agreed to pay a $95.5 million fine and forgave more than $100 million in student loans.. federal regulation of for-profit.

For-profit college with 7 Florida campuses to pay $95 million. On Monday, a much larger for-profit college operator – Education Management Corp. – used its hefty checkbook to make its U.S. Department of Justice problems go away. The payout: $95.5 million. For that price, the nation’s second-largest for-profit college chain,

 · For-Profit College Company to Pay $95.5 Million to Settle Claims of Illegal Recruiting, Consumer Fraud and Other Violations The United States has reached a landmark global settlement with Education Management Corp. (EDMC), the second-largest for-profit education company in the country, the Department of Justice announced today.

Mueller and other school executives likely would take a pay cut in a non-profit environment, but only after selling their lucrative stock holdings. Mueller would stand to collect at least $31.7.

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Among the more notable items slashed was $2.05 million for IMG Academy in Bradenton, a private, for-profit school for. for a new downtown Orlando campus of the University of Central Florida and $8.

They’ve landed, disproportionately, at for-profit schools, rather than at far less expensive public community colleges, or at public universities. percent – and their CEOs made an average of $7.3.

 · Andrew Harnik/AP. Education Management Corporation will pay $95.5 million to settle allegations that it lied about its recruiting practices. The sum, announced Monday by U.S. Attorney General Loretta Lynch and Education Secretary Arne Duncan, is the largest civil award to date in a case involving a for-profit college.

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The College Station campus was home. student fees to help pay its bills has amassed $229 million in debt, records show. In 2014, Georgia Tech athletics collected about $5.1 million from students,

The College Station campus was home. student fees to help pay its bills has amassed $229 million in debt, records show. In 2014, Georgia Tech athletics collected about $5.1 million from students,

The payout: $95.5 million. Advertisement For that price, the nation’s second-largest for-profit college chain, with seven Florida campuses, will settle multiple lawsuits alleging the company broke.

For-Profit College Company to Pay $95.5 Million to Settle Claims of Illegal Recruiting, Consumer Fraud and Other Violations The United States has reached a landmark global settlement with Education Management Corp. (EDMC), the second-largest for-profit education company in the country, the Department of Justice announced today.