[shortstop]

Let's see if I understand this correctly. A scam college collects many thousands of dollars from willing students with student loans, teaches worthless classes which won't transfer to real colleges, gives out worthless degrees to students who won't be hired. The end result is that the scam college gets to keep the money, the student has a worthless education and the public is on the hook for the Department of Education forgiving the loan of Federal dollars. Bernie Sanders would be proud.

[rwh]

Wyotech used to be a top notch trade school. Too bad Corinthian Colleges bought them several years ago.

[dhs12345]

Yup. It is a scam that the taxpayers will have to pay for. What about the perps?

***

“2010 to 2015 and is $95,000 in debt for a master’s degree in criminal justice...”

WTF??

For this price, you can get heck of a better deal from an accredited college or university. It is a total rip off.

[oh8eleven]

Let's see if I understand this correctly.
It's the Øbama way of doing things. Learn it, live it, love it.
Think it's bad now - wait until Hitlery takes over.

[Hyman Roth]

And they will get a tax bill from Uncle Sam for forgiveness of debt.

[null and void]

Except for the slight possibility that the federal government will spend half a billion or so attempting to recover a small fraction of the funds from the colleges, spot on.

[blueyon]

Isn’t this the “scam” Rubio was involved in?

[Lorianne]

It's even worse than that:

Who Owns The Awful Corinthian Colleges? Wells Fargo, Marc Morial, Pension Funds

http://www.huffingtonpost.com/davidhalperin/who-owns-the-awful-corint_b_4101323.html

Corinthian, which gets about 90 percent of its revenue from taxpayer money, is the subject of numerous student and staff complaints, and is under investigation by at least five other state attorneys general (FL, IL, KY, NY, OR), the federal Consumer Financial Protection Bureau, and the Securities and Exchange Commission. Two-thirds of Corinthian’s associate degree students drop out; three-quarters of former students can’t pay down their loans, and 36 percent default within three years, the highest rate of all publicly-traded college businesses.

_____________________

Some pretty powerful bigwig cronies had to be involved in a scam this big. Follow the money

[knarf]

WyoTech has been advertising all OVER my air TV for about 6 months

[Lorianne]

This all because ABSOLUTELY EVERYONE must go to college.
This is all because of that.

[rey]

As though any school produces legitimate numbers. Job placement rates from nearly any school are way off and I would question the true value of the degree, given the screwy courses many take.

[Buckeye McFrog]

Pregame warmup for the Democrats’ Fall gameplan.

[MichaelCorleone]

“When Americans invest their time, money and effort to gain new skills, they have a right to expect they’ll get an education that leads to a better life for them and their families,” Secretary of Education John King said in a written statement. “Corinthian was more worried about profits than about students’ lives.”

Fair enough, but what ever happened to caveat emptor?

And why can’t the loi-yas sue the schools for damages and as a remedy? Lemme guess: those that run these schools are part of the untouchable ruling class.

[dfwgator]

Note to self: Do not hire anyone graduating from Everest College between the years of 2010 and 2014.

[JohnBovenmyer]

Bernie Sanders would be proud.

Where can Trump University sign up?

[CodeToad]

Most colleges are not much better.