Last summer, Corinthian Colleges closed its doors amid government scrutiny of for-profit colleges. The school - which had been the recipient of some $1.5 billion in annual federal aid funding - was variously accused of employing deceptive marketing practices, falsifying job placement records, and lying about graduation rates.
Even after aspiring lawyers take the LSAT, they have to endure the stress of law school. Impossible exams, tough professors, and all-nighters will permeate the next three years — unless you go to school to become a drug dealer.
Two months after abruptly closing its doors as a result of losing access to federal student financial aid, the for-profit Marinello Schools of Beauty has settled a whistleblower case that accused the school of engaging in various schemes to defraud the government of federal fi
We have not been shy about exposing the massive (and unsustainable) bubble of credit being blown into the economy via Student Loans from the government. We have not been afraid to note the dramatic rise in delinquencies among these loans - and the implications for the government.