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Stock impact report

Independence University is closing. An 'unusual arrangement' has caught feds' attention. [USA TODAY]

Verizon Communications Inc. (VZ) 
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Company Research Source: USA TODAY
But it's the university's efforts to push students to new colleges that has the federal government asking questions. Stranger still, as of Monday afternoon, there was nothing on Independence University 's website to indicate the private college had closed Sunday, nor on the website of its owner, The Center for Excellence in Higher Education. Instead, students are relying on their peers, emails from the college administration, and the U.S. Department of Education to guide them. Independence University's situation highlights how a troubled institution can stay in business, with students unaware, and then leave them in the lurch when it finally closes. The case also shows an Education Department more willing to exercise its regulatory oversight under President Joe Biden's administration. The college's closure, which was announced to students via email on Wednesday, is the latest development in the Center for Excellence in Higher Education's troubled history. The group owns three ot Show less Read more
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