By Doug Lederman. The University of Chicago has agreed to pay $6.5 million to settle a class action alleging that it failed its fiduciary duty to employees in ways that forced them to pay excessive fees in their retirement plan, Investment News reported. More...
For-Profit Free Fall Continues, U.S. Data Show
By Doug Lederman. An annual report from the National Center for Education Statistics finds that there were 2,791 for-profit colleges eligible to award federal financial aid in 2017-18, compared to 2,899 the year before and 3,436 in 2014-15, as previous versions of the reports showed. More...