For-Profit College Watchdog

Feds consider whether to shut for-profit college watchdog

FILE - In this July 8, 2014 file photo, a woman walks past the Everest Institute in Silver Spring, Md., owned by Corinthian Colleges. Federal education officials are deciding whether to shut down the nation’s biggest accreditor of for-profit colleges over allegations that it overlooked deception by its schools. The Accrediting Council for Independent Colleges and Schools is meant to be a watchdog for hundreds of for-profit schools, wielding the stamp of approval that colleges need to receive federal money. Institutions that have operated under the group’s certification include the Corinthian College chain, which closed in 2015 amid fraud allegations, and the ITT Technical Institute chain, which now faces federal charges of fraud. (AP Photo/Jose Luis Magana, File)BOSTON (AP) — Federal education officials are deciding whether to shut down the nation’s biggest accreditor of for-profit colleges over allegations that it overlooked deception by some of its schools.

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