The Nation takes a look at one of the more egregious scams in the scam-ridden US: for-profit colleges that flourish because of the egregious scam of our college loan “system.”
… Read the restMore than half of the students who enroll in for-profit colleges—many of them veterans, single mothers, and other low- and middle-income people aiming for jobs like medical technician, diesel mechanic or software coder—drop out within about four months. Many of these colleges have been caught using deceptive advertising and misleading prospective students about program costs and job placement rates. Although the for-profits promise that their programs are affordable, the real cost can be nearly double that of Harvard or Stanford. But the quality of the programs [is] often weak,
(This is a syndicated post. Read the original at FreeThoughtBlogs.)