For-profit colleges’ bad debt disorder

posted by
May 12, 2011
In These Times
by Pat Garofalo  
Posted in Commentary, PND Commentary

"Since late last year, for-profit colleges ... have been ferociously lobbying against a new Education Department regulation (known as 'gainful employment') that would cut higher education programs off from federal dollars if too many of their students can’t find good jobs and default on their students loans. ... Many for-profit colleges make up to 90 percent of their revenue from the government through various avenues of aid used by their students, including federal student loans." [editor's note: When these "private" institutions became major taxpayer-beneficiaries, they lost all credibililty! Even "Fresh Air" got this story right! - SAT] (05/12/11)  

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