[Wally_Kalbacken]

Example # 458,234,197 in the never ending pattern of major media coverage of the student loan crisis - that never mentions the player who is ultimately left holding the bag - the general revenue taxpayer of the United States. The loans that provide the revenue streams for these shoddy schools are federally guaranteed student loans. There is a zero sum game in this - either the borrower repays the loan or the taxpayer does. Despite the ladling of sympathy for the foolish students who borrowed more than was practical to attend these worthless schools, the sympathy for them only has to run so far - because the DOE forgives the loans to students of these fraudulent schools. And then the taxpayer has to make good the guarantee to repay the originating lender. Don't hold your breath waiting for the NYT to show any concern for the taxpayer.

[PeterPrinciple]

When the Education Department approved a proposal by Dream Center, a Christian nonprofit with no experience in higher education, to buy a troubled chain of for-profit colleges, skeptics warned that the charity was unlikely to pull off the turnaround it promised.

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I don’t think the Education Department approved the purchase. They might provide accreditation based on the curriculum.

Willing to be corrected.

[Fungi]

Depend on the Slime to report news that makes any “Christian”
business or effort look bad. Truth? What is “truth” to the Slime? Never let the truth get in the way of the agenda. The slime gives you a few articles a month before you lose access. I will NEVER give them a dollar to see their crap. Never.

[PGR88]

Just like the massive fraud that was revealed in Government supported housing loans in 2008, when the student loan bubble bursts, everyone is going to be shocked at how much fraud there is.

That’s the nature of collectivism and nanny-statism. Its all a scam with a veneer of virtue.

[PeterPrinciple]

While Argosy students have little hope of getting back money they paid out of pocket, the Education Department said the federal loan debt of affected students would be forgiven for this semester. If the schools close, students can seek help under a program covering school shutdowns.

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Big long article about poor students and then...…………….

[eastexsteve]

A bunch of dishonest people have their hands in the till, and it’s Trumps fault? My God, somebody needs to turn on the “no snowflakes allowed” sign.

[Big Red Badger]

Tommy Barnet, Joyce Meyers.
Oh Well.

[stylin19a]

wow...all these colleges under Education Management Corporation were in trouble before the sale to Dream Center.

They write these articles as if nothing happened prior to Pres. Donald Trump.

[Jim Noble]

I have two kids in (real) college right now, and, so far, no loans.

Most people here who do not have kids currently matriculated would not BELIEVE the pressure, and the deceptive techniques, used to get these students to take on loan debt.

One of my kids, in her first semester, actually was “awarded” a loan that we never applied for or approved, and it took six months to get it off the books.

It’s a racket. These “for profit” bottom feeders are just the tip of the iceberg.

[AppyPappy]

Like multi-level marketing companies, for-profit schools don’t sell an education. They sell dreams. Expensive dreams.