Month: July 2016

Are For-Profit Colleges Really the Bottom Feeders of the College World?

July 30, 2016

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?

Violations of State Law May Lead to Forgiveness of Student Loans

July 16, 2016

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

Justice Department investigates Ashford University for potential violations of federal financial aid rules

July 15, 2016

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

Democratic Party pledges “We will go after for-profits that engage in deceptive marketing, fraud, and other illegal practices.”

July 1, 2016

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.”