Tue, Mar. 31, 10:35 AM
- A group of Corinthian College (NASDAQ:COCO) students are attempting to back out of their student loan obligations after the company closed campuses to diminish the value of degrees from the institution.
- The students have some support from the CFPB in their bid for debt relief, although the federal agency won't advocate for non-payment.
- The development is another bright spotlight on a sector already reeling from enrollment losses.
- "I just turned 22 and I have this much debt and I have nothing to show for it," summed up one Corinthian student on her plight.
- On watch: Career Education (CECO -2.3%), ITT Educational Services (ESI -2.2%), Education Management (EDMC -7.3%), Strayer Education (STRA -1%), DeVry Education (DV -0.5%).
Fri, Mar. 27, 5:38 PM
Mon, Mar. 23, 7:11 PM
- Less than a year after being named Career Education's (NASDAQ:CECO) CFO, Reid Simpson is leaving to become the CFO of retail analytics provider ShopperTrak, effective March 31.
- David Rawden, a director at turnaround/restructuring advisory firm AlixPartners, will serve as interim CFO. A search for a permanent CFO will start after CECO names a new CEO to replace the departed Scott Steffey.
Thu, Mar. 12, 9:34 AM
- The Treasury Department and Department of Education are looking into a proposal to make it easier for student loans to be included in bankruptcies.
- Though the bankruptcy angle is only a small portion of the comprehensive Student Aid Bill of Rights aimed at the lending industry, it's expected to be one of the most controversial aspects of the proposed legislation.
- For-profit education stocks: APOL, CECO, COCO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU,
Wed, Mar. 4, 1:03 PM| Wed, Mar. 4, 1:03 PM | Comment!
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Fri, Feb. 13, 10:16 AM
Mon, Feb. 9, 1:28 PM
- Some education stocks are getting a second look from investors today to partially reverse what's been a decline in the sector for 2015 amid enrollment and student loan concerns.
- The rally has been underpinned with decent volume.
- Gainers: Bridgepoint Education (NYSE:BPI) +4.2%, ITT Educational Services (NYSE:ITT) +1.5%, Education Management Corporation (NASDAQ:EDMC) +2.7%, Career Education Corp. (NASDAQ:CECO) +4.2%, DeVry Education (NYSE:DV) +2.1%.
Fri, Jan. 9, 3:03 AM
- President Obama has unveiled a proposal to make community college free for the first two years, with federal funding covering three-quarters of the cost and states that participate contributing the rest.
- "We have to make sure that everybody has the opportunity to constantly train themselves for better jobs, better wages, better benefits," announced Obama.
- The White House expects an estimated 9M students to participate in the program and save $3,800 a year on tuition.
- Education Stocks: CECO, STRA, COCO, ESI, ITT, BPI, LINC, DV, LOPE, APEI
- APOL -0.7%; EDMC -6.1% AH
Dec. 18, 2014, 4:14 PM
Nov. 6, 2014, 9:14 AM
- Gainers: PLNR +74%. PESI +24%. SWIR +20%. MEET +13%. RVLT +11%. COT +11%. DATA +11%. ACAS +10%. NDLS +9%. KATE +8%. KATE +8%. WFM +9%. HZNP +6%. CECO +6%. DRYS +5%. TRUE +5%.
- Losers: AEZS -51%. SZYM -47%. SNMX -26%. GNW -24%. WWWW -22%. CSOD -19%. PHMD -17%. GERN -14%. MCP -12%. GNRC -11%. WAC -9%. QCOM -7%. Z -7%. PBR -5%.
Nov. 6, 2014, 8:16 AM
Career Education Corp provides online, on-ground and hybrid learning programs. It serves students from campuses throughout the USA, offering programs that lead to doctoral, master's, bachelor's & associate degrees, as well as to diplomas & certificates.
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