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Monday, July 30, 2012

Education / Conflict of Interest College Rip-Off Alert

Posted by Bethany Jean Clement on Mon, Jul 30, 2012 at 10:48 AM

Pro tip: If you're planning to go to one of these colleges this fall, you might want to reconsider.

(Also, everybody: Come to our party!)

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For-profit schools are more concerned with making profits than education?

How can this be?!?

Posted by Urgutha Forka on July 30, 2012 at 12:01 PM

@1 - I for one am shocked (shocked!) that this would be the case! Next thing you'll tell me our #1 awesome profit driven healthcare system is the same!

Posted by Pridge Wessea on July 30, 2012 at 12:38 PM

Among the biggest offenders, EdCorp, parent of Art Institutes right here in Seattle, majority owned by Goldman Sachs. (What? You're shocked to find that an investment bank makes money off student loans AND the tuition it collects?)

Posted by Cornichon

on July 30, 2012 at 2:30 PM

The Frontline dealing with for-profit schools infuriated me - infuriated at the greed, the sheer greed, behind "we want to open college to everyone."

And there has been more than one Le Cordon Bleu story (how were they able to co-opt that once very respectable name?) about how they promise a lucrative career in the culinary arts (for, like, $30,00 a year - read government loans) and graduates, if able to find work at all, landing only minimum wage jobs.

As I said...infuriating.

Posted by Bauhaus I on July 30, 2012 at 10:09 PM