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PBS Frontline investigated this in 2010: https://www.pbs.org/video/frontline-college-inc/ https://www.pbs.org/video/frontline-college-inc/ If I recall correctl
by unityByFreedom 5y ago
PBS Frontline investigated this in 2010: https://www.pbs.org/video/frontline-college-inc/ https://www.pbs.org/video/frontline-college-inc/
If I recall correctly, these schools were not sufficiently held accountable for borrowers who couldn't repay loans. They only tracked students' ability to repay for something like two years. I think policies were adjusted so that such predatory lending for a poor education is no longer possible. It's probably a game of cat, mouse, businessmen and politics. I doubt anything was done 2016-2020 since that president once ran his own for-profit U, but I think some changes were made before that.
- prostoalex 5y ago> not sufficiently held accountable for borrowers who couldn't repay loans What is the gold standard for accountability here? Does a large state university track repayment ability for longer periods?