Message:

<p>[QUOTE=&quot;Brett_in_Sacto, post: 2627512, member: 71510&quot;]I understand that it&#039;s politically trendy to hyper-focus on Trump University, but as a whole - there are many &quot;for profit&quot; colleges that are getting sacked, going under, and overall failing.</p><p><br /></p><p>They have nothing to do with bullion (except for the fact of leaving taxpayers on the hook for many bills affecting the economy as a whole).</p><p><br /></p><p>Phoenix University is struggling and going into the red.</p><p><br /></p><p>ITT Technical Institute actually failed altogether after being barred from federal aid programs.&nbsp; Closed their doors after 50 years.&nbsp; This is a glaring black eye on the student loan program altogether.</p><p><br /></p><p>And let&#039;s not forget that <b>40% of student loans are currently in default</b> - and not being paid back.&nbsp; (Because the government has no recourse on them).</p><p><br /></p><p>Numerous others popped up to suck the blood out of students (and taxpayers supporting the financial aid programs) in about 2006 and flourished during the downturn through about 2013.</p><p><br /></p><p>A lot of people took advantage simply to get something free, prove to their welfare agent that they were &quot;bettering themselves&quot; and believe it or not - and a lot of government directed programs were using them as diversion for various criminal conviction alternatives. </p><p><br /></p><p>Many people actually went and got certificates and degrees - and were able to find some sort of employment.</p><p><br /></p><p>In short, MANY of the schools were complete and total scams.&nbsp; Most of them popped up simply to take advantage of the new scam - Student Loans (backed by easy access to government money).&nbsp; A significant portion of those are failing or have failed for various reasons - usually too much focus on profit via student loans, and not enough on education.</p><p><br /></p><p>So please - look at the larger issue, and stop the witch hunt.&nbsp; It&#039;s demeaning.</p><p><br /></p><p><a href="https://www.washingtonpost.com/news/grade-point/wp/2016/09/06/itt-technical-institutes-shut-down-after-50-years-in-operations/?utm_term=.5eb4bd803d3f" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.washingtonpost.com/news/grade-point/wp/2016/09/06/itt-technical-institutes-shut-down-after-50-years-in-operations/?utm_term=.5eb4bd803d3f" rel="nofollow">https://www.washingtonpost.com/news/grade-point/wp/2016/09/06/itt-technical-institutes-shut-down-after-50-years-in-operations/?utm_term=.5eb4bd803d3f</a></p><p><br /></p><p><a href="http://money.cnn.com/2015/03/25/investing/university-of-phoenix-apollo-earnings-tank/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://money.cnn.com/2015/03/25/investing/university-of-phoenix-apollo-earnings-tank/" rel="nofollow">http://money.cnn.com/2015/03/25/investing/university-of-phoenix-apollo-earnings-tank/</a></p><p><br /></p><p><a href="https://www.nytimes.com/2016/08/29/business/crackdown-on-for-profit-colleges-may-free-students-and-trap-taxpayers.html?_r=0" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.nytimes.com/2016/08/29/business/crackdown-on-for-profit-colleges-may-free-students-and-trap-taxpayers.html?_r=0" rel="nofollow">https://www.nytimes.com/2016/08/29/business/crackdown-on-for-profit-colleges-may-free-students-and-trap-taxpayers.html?_r=0</a>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in