The FTC made the announcement below that seems to open the door for students with federal student loans to explore the possibility of applying for a Borrower Defense Loan Discharge. The Federal Trade Commission put 70 for-profit higher education institutions on notice that the agency is cracking down on any false promises they make about …
Even a blind acorn finds a pig occasionally, and Betsy DeVos’s Department of Education finally found a piggy: Grand Canyon University (GCU), which operated as a for-profit institution until 2018. Last year, DOE rejected GCU’s application for non-profit status. This surprised most people because Betsy DeVos is famous for coddling the for-profit college industry. Not …
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% …