Scrutiny Takes Toll on For-Profit College Company
Wednesday, November 10th, 2010
Scrutiny Takes Toll on For-Profit College Company
The undercover videos showed Kaplan recruiters in Florida and California making false or questionable statements to prospective students — suggesting for example, that massage therapists earn $100 an hour, and that student loans need not be paid back.
This is a fascinating piece and it’s about time these companies were held accountable.
[via Dr. Bart Pisha]
Somehow this story reminds me of the whole credit default scene within the housing market: Unscrupulous and uncredible practices by loan officers/admissions staff combined with individual “buyers” denial of their own financial capacity and/or just walking away from debt.
Sandy: A scam is a scam is a scam…