Connect with us

Hi, what are you looking for?

Stock

Grand Canyon University, largest for-profit college, fined $37.7 million

The U.S. Education Department is fining Grand Canyon University $37.7 million, saying the for-profit Christian school misrepresented the costs of its doctoral programs.

The agency says Grand Canyon University told students that enrolling in the doctoral program would cost $40,000 to $49,000. That was supposed to cover tuition and 60 credit hours. However, the department says, 98% of doctoral students needed more than 60 credit hours to graduate.

From 2017 to 2022, the Education Department said, 78% of Grand Canyon students who graduated with doctorates needed five or six three-credit courses. That cost another $10,000 to $12,000, and sometimes more.

‘Almost no students are able to complete their doctoral program within the represented number of credits,’ the department said.

In many cases, students could not get federal financial aid for those additional courses.

The Education Department disclosed the fine in a letter to university President Brian Mueller dated Tuesday.

The Phoenix-based college is the country’s largest for-profit college by enrollment, with more than 100,000 students, most of them online, and it received more than $1.1 billion in federal funding under Title VI of the Higher Education Act, primarily for its bachelor’s degree programs. That was more than any other participating school.

The Education Department says 7,547 students enrolled in its doctoral programs from Nov. 1, 2018, to Oct. 19, 2023. The government is fining the school $5,000 for its misrepresentations to each of those students.

The letter to Mueller says that in the few instances that Grand Canyon University did disclose that students might have to take additional courses to complete their doctorates, the disclosures were often incomplete or they were buried in fine print or in long documents, and that those rare disclosures did not address its other misrepresentations or explain the cost of the extra courses.

This post appeared first on NBC NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

    Investing

    ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

    Latest News

    A man accused of murdering his girlfriend in Boston before fleeing to Kenya has been re-arrested following his escape from a police station in...

    Latest News

    Five people have died and 49 are unaccounted for after a multi-story building collapsed Monday afternoon in the South African city of George, officials...

    Disclaimer: Nationalfinancialnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 nationalfinancialnews.com