For-Profits Under Assault

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At least 10 complaints have come from students in Broward and Palm Beach counties who said they were stuck with thousands in debt, had received numerous calls from collection agencies and were not able to find a job.

As I say, buyer beware.

A Kaplan College admissions officer also falsely told the applicant the school had the same accreditation as Harvard and the University of Florida.

Technically, I think it was so "recognized by an accreditor in turn recognized by CHEA" or something, but of course the student meant something else...

The for-profit industry has been concerned not only by the investigations, but also by proposed federal regulations that would strip them of much federal aid if their students don't find jobs after they graduate or are unable to repay their student loans.

I disagree with the "finding a job" item, but agree with more selective practices...enough with goading single Hispanic mothers of three on welfare into deeper debt.
Again, what stinks is that these for-profit heralds of the free market make much of their dime on...government welfare...and this using sleazy tactics.