Capella University
From Wikipedia, the free encyclopedia
| Established | 1993 |
|---|---|
| Type | private, for-profit |
| Students | 16,400 |
| Location | Minneapolis, MN, USA |
| Website | www.capella.edu |
Capella University is a private, for-profit, specialized distance learning institution of higher learning that is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools and headquartered in Minneapolis, Minnesota. Capella University offers bachelor's, master's and PhD degrees in business, technology, education, human services and psychology. Capella has 76 graduate and undergraduate specializations and 16 certificate programs. Nearly 45 percent of it students are PhD students. The masters degree programs in counseling are also CACREP accredited. Today, the university has more than 16,400 students from all 50 states and 63 countries.
The school is owned by the Capella Education Company (NASDAQ: CPLA), a publically traded parent corporation.
Contents |
[edit] History
What is now the Capella Education Company was founded in 1991 by Stephen Shank, former CEO of Tonka. In 1993, The Graduate School of America was founded by Shank and Dr. Harold Abel. In 1999, the company and university were renamed to their current, Capella Education Company and University. Capella has also made business arrangements and academic partnerships with numerous other schools, corporations, and the even the military.
[edit] Schools
Capella University is academically organized into 5 distinct schools.
- School of Education
- School of Human Services
- Harold Abel School of Psychology
- School of Business and Technology
- School of Undergraduate Studies
[edit] Controversy
Capella University is currently being audited by the United States Department of Education, Office of the Inspector General (OIG) on charges that they have not returned Title IV funds, as required by Federal Law. In a prospectus filed with the Securities and Exchange Commission (refer to pages 81 & 82), and as reported by the Associated Press, Capella University has already admitted that:
"Based on its review to date, the OIG audit staff has identified several such learners for whom it believes proper returns of Title IV funds were not made. For the three year audit period, the total amount of Title IV funds that was not returned for learners that withdrew without providing official notification was approximately $500,000."
While Capella University has been trying to obtain accreditation from the American Psychological Association (APA) for many years, they recently voluntarily withdrew their application because their PsyD programs, which were created in 2003, are considered too new to be evaluated by the APA. Prior to the introduction of the PsyD program, Capella had offered a PhD in psychology. Capella's withdrawal from the accreditation process is documented on the APA website.
[edit] External links
- Capella University website
- Capella Education Company website
- Capella Education Shares Jump After IPO - Article with information about the investigation of Capella University by United States Department of Education, Office of the Inspector General
- Capella University Prospectus filed with Securities & Exchange Commission. Refer to pages 81 & 82 for information regarding audit by USDE, Office of the Inspector General
- Capella University Costs
 |
This article on a midwestern U.S. institution of higher education is a stub. You can help Wikipedia by expanding it. |
