Thursday, August 5, 2010

Fraud At For-Profit Colleges

I'm SO glad people are waking up to this. I did financial aid counseling for a For-Profit College (give y'all a hint: it rhymes with 'CAFTAN') and it was the one job I've held that gave me serious moral qualms, because these shucksters were selling obscenely overpriced half-assed degrees to people based on the notion that they can afford to pay back upwards of $30,000 in student loans with a $13/hour job.

Keep an eye on this and if you're looking at a for-profit college think very, very carefully and go to your local community college instead.

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