Another for-profit college in bankruptcy after student aid cut

Westlaw News.

A Texas-based company behind Career Point College has filed for bankruptcy, marking the latest casualty in the for-profit higher education industry.

On Monday, Dickinson of San Antonio Inc filed for Chapter 11 protection after the U.S. Department of Education cut off student aid. Much larger for-profit college operators ITT Educational Services and Corinthian Colleges Inc have filed for bankruptcy in recent years after the government cut off aid to their students.

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