Source: Why For-Profit Colleges Are the Bottom Feeders of the College World Money, not learning, seems to be the name of the game in the for-profit college industry. Sallie Mae is a “preferred federal lender” for students of for-profit schools, and although Sallie Mae was indeed in the business of issuing federal-guaranteed low-interest loans, it … More Are For-Profit Colleges Really the Bottom Feeders of the College World?
A federal judge issued a tentative ruling Friday to deny a motion to dismiss a lawsuit by customers who contend they were defrauded by Trump University, Republican presidential nominee’s defunct real estate training program. Source: Judge tentatively denies dismissal of Trump U. suit Curiel said that plaintiffs had met the legal requirements to move the … More Trump U. suit moves forward
Americans are flooding the government with appeals to have their student loans forgiven on the grounds that schools deceived them with false promises of a well-paying career. Source: Thousands Apply to U.S. to Forgive Their Student Loans, Saying Schools Defrauded Them In the past six months, more than 7,500 borrowers owing $164 million have applied … More Violations of State Law May Lead to Forgiveness of Student Loans
Federal prosecutors are looking into whether the parent company of Ashford University is violating a law that prohibits for-profit colleges from getting more than 90 percent of their operating revenue from federal student aid funding. Source: Justice Department is investigating whether a for-profit college company violated federal financial aid rules In a regulatory filing Tuesday, … More Justice Department investigates Ashford University for potential violations of federal financial aid rules
Source: Two of the biggest for-profit colleges are making it easier for students to sue DeVry University and the University of Phoenix will no longer bar students from filing class-action lawsuits or otherwise taking their grievances to the courts.
For once, the politicians and I have something in common. 2016 Democratic Party Platform DRAFT July 1, 2016 “For-Profit Schools Donald Trump ran a fake university—the now bankrupt Trump “University”—that scammed many out of their hard-earned savings and led to no degree and no obvious benefit to their education or economic prosperity. Democrats will not … More Democratic Party pledges “We will go after for-profits that engage in deceptive marketing, fraud, and other illegal practices.”