The burgeoning of the for-profit college industry has wasted billions of taxpayer dollars, sent many thousands of students out into the world with shoddy educations, and made a few people very rich.
One of the organizations that should have been closed down by the U.S. Department of Education is Corinthian Colleges. Here, Peter Greene reviews its sordid history, including the fact that the U.S. Department of Education bailed it out when it needed money, and Corinthian sold off many of its campuses to be run by a DEBT COLLECTION AGENCY. I put that in caps because it is incredible but true.
“Folks who find themselves in debt for Corinthian educations, but without any marketable skills that would allow them to make money– those folks got in this mess by driving past a dozen corners where there should have been big bright neon red flags. But there were no…
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