- The U.S. Education Department terminated Decker College's eligibility for federal student financial aid in September 2005, resulting in the for-profit school's closure, but a federal bankruptcy judge ruled on Tuesday that Decker's accrediting agency misled officials during the proceedings.
- The Council on Occupational Education had indicated that Decker was offering three online courses without approval, but it now appears that the courses were in fact approved.
- The decision could impact Decker's bankruptcy but will not be able to save the school.
From the article:
The 2005 bankruptcy of Decker College drew more than its share of national headlines, not least because one of its investors (and, for a time, its president) was William Weld, the former governor of Massachusetts and, at the time, a candidate for governor of New York.
The closure of the for-profit college in Kentucky was precipitated by the U.S. Education Department's September 2005 decision to terminate Decker's eligibility for federal student financial aid. The federal agency made its decision in large part based on statements by the college's accreditor, the Council on Occupational Education, that Decker had delivered three of its programs online without the agency's approval. ...