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Education Affiliates
Education Affiliates (EA) is an American parent company of for-profit colleges, with its headquarters in Nottingham, Maryland. It has been an investment of JLL Partners since 2004. According to D&B Hoovers, EA has annual sales of $202 million. Education Affiliates owns approximately 50 campuses and learning centers. Education Affiliates' schools include Fortis College and Fortis Institute, ASPE Training, All-State Career School, DriveCo CDL Learning Center, Saint Paul's School of Nursing, Georgia Driving Academy, and the Denver School of Nursing. History 1984-2004 (Origins) The Baltimore-based company was first incorporated in 1984 as The Marco Group, Inc. and changed its name to Education Affiliates Inc. in 2004. 2005-2013 (Growth) In November 2004, JLL Partners, a New York-based private equity firm, paid $52 million for Baltimore-based Marco Group, which owned 10 vocational schools. In 2005, the Baltimore Business Journal reported on the "buying spree" that Education Affilia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parent Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accrediting Commission Of Career Schools And Colleges
The Accrediting Commission of Career Schools and Colleges (ACCSC) is a private, 501(c)(3) nonprofit organization in the United States that provides national accreditation to private post-secondary educational institutions. It is recognized by the United States Department of Education as an independent accrediting agency. Established in 1965, it is based in Arlington, Virginia. The U.S. Department of Education identifies the scope of ACCSC recognition as the accreditation of private post-secondary institutions offering non-degree programs or associate, bachelor's and master's degrees in programs that are "predominantly organized to educate students for occupational, trade and technical careers, and institutions that offer programs via distance education."Accreditation in the United States: Regional and National Institutional Accrediting Agencies. ''U.S. Department of Education''. Retrieved February 28, 2012. In 2021, the accrediting agency received a 3-year renewal from the Nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Department Of Education
The United States Department of Education is a Cabinet-level department of the United States government. It began operating on May 4, 1980, having been created after the Department of Health, Education, and Welfare was split into the Department of Education and the Department of Health and Human Services by the Department of Education Organization Act, which President Jimmy Carter signed into law on October 17, 1979. The Department of Education is administered by the United States Secretary of Education. It has 4,400 employees - the smallest staff of the Cabinet agencies - and an annual budget of $68 billion. The President's 2023 Budget request is for 88.3 billion, which includes funding for children with disabilities (IDEA), pandemic recovery, early childhood education, Pell Grants, Title I, work assistance, among other programs. Its official abbreviation is ED ("DoE" refers to the United States Department of Energy) but is also abbreviated informally as "DoEd". Purpose and fun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Department Of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United States. It is equivalent to the justice or interior ministries of other countries. The department is headed by the U.S. attorney general, who reports directly to the president of the United States and is a member of the president's Cabinet. The current attorney general is Merrick Garland, who was sworn in on March 11, 2021. The modern incarnation of the Justice Department was formed in 1870 during the Ulysses S. Grant presidency. The department comprises federal law enforcement agencies, including the Federal Bureau of Investigation, the U.S. Marshals Service, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Drug Enforcement Administration, and the Federal Bureau of Prisons. It also has eight major divisions of lawyers who rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
False Claims Act
The False Claims Act (FCA), also called the "Lincoln Law", is an American federal law that imposes liability on persons and companies (typically federal contractors) who defraud governmental programs. It is the federal government's primary litigation tool in combating fraud against the government. The law includes a ''qui tam'' provision that allows people who are not affiliated with the government, called "relators" under the law, to file actions on behalf of the government. This is informally called "whistleblowing", especially when the relator is employed by the organization accused in the suit. Persons filing actions under the Act stand to receive a portion (15–30%, depending on certain factors) of any recovered damages. As of 2019, over 71% of all FCA actions were initiated by whistleblowers. Claims under the law have typically involved health care, military, or other government spending programs, and dominate the list of largest pharmaceutical settlements. Between 1987 a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Title IV
Title IV of the Higher Education Act of 1965 (HEA) covers the administration of the United States federal student financial aid programs. American colleges and universities are generally classified with regard to their inclusion under Title IV, such as under the U.S. Department of Education statistics. Content Title IV was one of eight titles: *Title I, General Provisions; *Title II, Teacher Quality Enhancement; *Title III, Strengthening Institutions; *Title IV, Student Assistance; *Title V, Developing Institutions; *Title VI, International Education Programs; *Title VII, Graduate and Postsecondary Improvement Programs; and *Title VIII, Additional Programs. Title IV contains nine parts that authorize a broad array of programs and provisions to assist students and their families in gaining access to and financing a postsecondary education. Programs authorized under this title are the primary sources of federal aid supporting postsecondary education. The act is sectione ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heightened Cash Monitoring
Higher education in the United States is an optional stage of formal learning following secondary education. Higher education is also referred as post-secondary education, third-stage, third-level, or tertiary education. It covers stages 5 to 8 on the International ISCED 2011 scale. It is delivered at 4,360 Title IV degree-granting institutions, known as colleges or universities. These may be public or private universities, research universities, liberal arts colleges, community colleges, or for-profit colleges. US higher education is loosely regulated by the government and by several third-party organizations. In Spring 2022, about 16 million students 9.6 million women and 6.6 million men enrolled in degree-granting colleges and universities in the U.S. Of the enrolled students, 45.8% enrolled in a four-year public institution, 27.8% in a four-year private institution, and 26.4% in a two-year public institution. College enrollment has declined every year since a peak in 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accreditation Commission For Education In Nursing
The National League for Nursing (NLN) is a national organization for faculty nurses and leaders in nurse education. It offers faculty development, networking opportunities, testing services, nursing research grants, and public policy initiatives to more than 40,000 individual and 1,200 education and associate members. Mission The National League for Nursing promotes excellence in nursing education to build a strong and diverse nursing workforce to advance the health of our nation and the global community. History The NLN was founded in 1893 as the American Society of Superintendents of Training Schools for Nurses and was the first organization for nursing in the U.S. I n 1912, it was renamed the National League for Nursing Education (NLNE) and released the first Standard Curriculum for Schools of Nursing in 1917. In 1942, the NLNE created individual membership, enabling African-American nurses to participate in the organization. In 1952, the NLNE combined with the National Or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higher Learning Commission
The Higher Learning Commission (HLC) is an institutional accreditor in the United States. It has historically accredited post-secondary education institutions in the central United States: Arizona, Arkansas, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, West Virginia, Wisconsin, and Wyoming. The headquarters of the organization is in Chicago, Illinois. The United States Department of Education and the Council for Higher Education Accreditation recognize the commission as an institutional accreditor; it was previously a regional accreditor. HLC grew out of the higher education division of the North Central Association of Colleges and Schools (NCA) which dissolved in 2014. Criteria for accreditation The Higher Learning Commission has five major criteria for accreditation. They are: (1) Mission, (2) Ethics, (3) Teaching and Learning: Quality, Resources, and Support, (4) Teaching a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Career Education Corporation
Perdoceo Education Corporation (PRDO) is a private company that currently owns four for-profit universities, including American Intercontinental University, Colorado Technical University, California Southern University, and Trident University International. The company was previously known as Career Education Corporation. History Career Education was founded in 1994 by John M. Larson who served as the company's president, CEO and was a member of the board of directors until 2006. Under his leadership, Career Education grew to include over 24 U.S. campuses. On July 1, 2003, Career Education Corporation merged with competitor Whitman Education Group, Inc., gaining control over the latter's Sanford-Brown Colleges, Ultrasound Diagnostic Schools (now known as the Sanford-Brown Institute), and Colorado Technical University. They also obtained the former Western School of Health and Business. In the same year, CEC was sued for inflating financial results and issuing misleading statements ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
For-profit Colleges
Proprietary colleges are for-profit colleges and universities. They are operated by their owners or investors, rather than a not-for-profit institution, religious organization, or government. Because they are not funded by tax money, their long-term sustainability is dependent on the value they provide relative to the perceived value of a degree from a higher educational institution overall. The increased reliance on federal student aid funds by these "for-profit" schools is of growing concern. Since federal student loans are typically guaranteed by the government, for-profit colleges can reap a profit from taxpayers even if students drop out after enrolling, do not complete a degree, or the degree turns out to be nearly worthless for future employment. Students can be stuck with large and unmanageable debt loads, defaulting at a significantly higher rate than students at traditional non-profit institutions. Non-profit institutions generally depend in part on academic excellence ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corinthian Colleges
Corinthian or Corinthians may refer to: *Several Pauline epistles, books of the New Testament of the Bible: ** First Epistle to the Corinthians ** Second Epistle to the Corinthians **Third Epistle to the Corinthians (Orthodox) *A demonym relating to the port of Corinth or the regional unit of Corinthia in Greece * Corinthian order, a classical order of ancient Greek and Roman architecture *Residents or people from the town of Corinth (town), New York *The League of Corinth, a federation of ancient Greek states *Corinthian Colleges, a post secondary education company in North America currently under criminal investigation in the US. *Corinthian (comics), a character in ''The Sandman'' comics *The Corinthian (novel), novel by Georgette Heyer *The Corinthian (New York), a skyscraper in New York City *The Corinthian helmet, a style of helmet worn by hoplites in classical Greece * Corinthian leather, a marketing term used by Chrysler *Corinthian (horse), American racehorse, a 2007 Bree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
