Posted On: 02/06/2016 1:39:28 PM
Post# of 65629
Student loans are a scam! This bill? “The Protecting the Freedom of For-Profit Schools to Suck off the Government Teat Without Any Accountability Whatsoever Act.”
These kids are being scammed and are not getting what they deserve for our Tax paying dollars. These loans need to be regulated and they should not receive a 10K per quarter loan for a community college. the equity is in the books and credit hrs. Not what these colleges can scam from these youngsters.
http://www.salon.com/2012/04/16/a_huge_student_loan_scam/
Quote:
The for-profit educational sector is an industry almost entirely subsidized by the federal government. Around 70-80 percent of for-profit revenues are generated by federal student loans. At the same time, judging by sky-high dropout rates, the for-profit schools do a terrible job of educating students. The Obama administration’s efforts to define a credit hour and require state accreditation were motivated by a very understandable desire: to ensure that taxpayers are getting their money’s worth when federal cash pays for a student’s education.
These kids are being scammed and are not getting what they deserve for our Tax paying dollars. These loans need to be regulated and they should not receive a 10K per quarter loan for a community college. the equity is in the books and credit hrs. Not what these colleges can scam from these youngsters.
http://www.salon.com/2012/04/16/a_huge_student_loan_scam/
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