The DeVry Institute of Technologys Toronto branch is eager to apply for degree-granting status when Ontario implements its new law. Its not clear whether the companys chequered past will hurt its chances.
In February 1999, DeVry regained its full eligibility for the Ontario Student Assistance Program (OSAP), after repaying the province $6.9 million in compensation and administration expenses for loans issued improperly between 1993 and 1996.
The province had suspended DeVry for approving student applications with false information something the corporation called administrative errors. With these errors corrected and the CEOs assurance that the settlement would have no material effect on the companys future financial statements DeVry once again has an assured supply of public funding to subsidize its private operations.
Another corporation charged with improperly handing out student financial assistance wants to come to Ontario. In March 2000, a US Department of Education audit found the University of Phoenixs academic year didnt meet the definition set out in law, leaving students without enough classroom hours to qualify for the aid theyd received.
The Office of the Inspector General report recommended the university repay US$54.6 million in public student loan funds. Phoenix claimed it had done nothing wrong, but just days before the final audit report was due the corporation agreed to pay the department US$6 million to settle the dispute.
In Alberta, DeVry already has degree-granting powers. Early this year, an order in council quietly handed DeVrys Calgary branch the power to grant degrees in computer information systems, electronics engineering technology and business operations. All three programs are four-year undergraduate degrees.
DeVry Calgary joins five other private colleges accredited to grant degrees, 11 degree-granting institutions from out of province and 140 private training institutions licenced by the Private Vocational Schools Act.
Eager to join the growing crowd is the University of Phoenix, which has announced it wants to open branches in Edmonton and Calgary.
In February 1999, DeVry regained its full eligibility for the Ontario Student Assistance Program (OSAP), after repaying the province $6.9 million in compensation and administration expenses for loans issued improperly between 1993 and 1996.
The province had suspended DeVry for approving student applications with false information something the corporation called administrative errors. With these errors corrected and the CEOs assurance that the settlement would have no material effect on the companys future financial statements DeVry once again has an assured supply of public funding to subsidize its private operations.
Another corporation charged with improperly handing out student financial assistance wants to come to Ontario. In March 2000, a US Department of Education audit found the University of Phoenixs academic year didnt meet the definition set out in law, leaving students without enough classroom hours to qualify for the aid theyd received.
The Office of the Inspector General report recommended the university repay US$54.6 million in public student loan funds. Phoenix claimed it had done nothing wrong, but just days before the final audit report was due the corporation agreed to pay the department US$6 million to settle the dispute.
In Alberta, DeVry already has degree-granting powers. Early this year, an order in council quietly handed DeVrys Calgary branch the power to grant degrees in computer information systems, electronics engineering technology and business operations. All three programs are four-year undergraduate degrees.
DeVry Calgary joins five other private colleges accredited to grant degrees, 11 degree-granting institutions from out of province and 140 private training institutions licenced by the Private Vocational Schools Act.
Eager to join the growing crowd is the University of Phoenix, which has announced it wants to open branches in Edmonton and Calgary.