This one has been a long time coming. ITT, in my opinion, has been defrauding students with false employment statistics and ROI information for decades. While the Department of Education shouldn’t exist, in this instance the case involves low income and relatively vulnerable (gullible) students who believed the hype put out by the school even though the school knew that there were no jobs for the student-borrowers. This one should be a bi-partisan issue. Where DOE failed is that they should have acted 20 years ago. If the federal government is going to get involved in the student loan market (a bad idea), then it should at least make sure it’s not facilitating fraud by educational institutions.
Correct on all points.
Camel's nose, unfortunately. Next will be poor Harvard grads that never made money as 'promised'. Once started down this path, it ain't a gonna end.