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Tag Archives: for-profit school

How Am I Supposed to Repay My Student Loan Debt, Tax Debt and Social Security Debt?

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I am 47. I have both Student Loan Debt, Tax Debt and Social Security Debt which amouts to almost 200k. I only make 39k a year after being out of work for over 2 years. I am at the end of my rope. I don’t see any way out because my boss just told me that because of the “perception ... Read More »

For-Profit Schools Donate to Lawmakers Opposing New Financial Aid Rules

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by Sharona Coutts, ProPublica Between 2005 and the beginning of this year, Rep. Donald M. Payne, D-N.J., received $6,000 in campaign contributions from sources related to for-profit colleges. This year, he received more than $20,000 from the schools and their lobby groups, according to campaign finance records. What changed? For one, the colleges have upped their lobbying efforts considerably in ... Read More »

Students Fight Back Against For-Profit Colleges: Westwood College Sued For Fraud

We’ve covered this topic time and time again (see Know Your For-Profit College ABC’s: Assertive, Bold and Cheeky. How I Almost Became a For-Profit College Statistic and Government Finds Fraud and Deception in Marketing for For-Profit Colleges); for-profit colleges and their deceptive practices to get students to enroll and take out loans they cannot afford. However, on August 21, 2010 ... Read More »

Student Loan Debt: The Next Subprime Bubble to Burst?

Student Loan Debt

I just finished watching the Frontline PBS show College, Inc. about for-profit education and the resulting student loan debt. It was estimated that students in for-profit colleges will graduate with double the amount of student loan debt as compared to a traditional university. The default rate was alarming as well. For-profit colleges account for 10% of students but 44% of ... Read More »

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