Why for-profit colleges are the real welfare queens.

[Socialist]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

 

[HereWeGoAgain]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

 

[Socialist]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Oh look, more baseless shit.

 

[whitehall]

Add the "going out of business" sign to "Sweet Brier College" in Va. One of the problems is that professors don't work cheap and union contracts are often extravagant.

 

[HereWeGoAgain]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Oh look, more baseless shit.

I had no idea dick sucking lowered IQ....
There's this thing called google,why dont you give it a shot?

 

[Socialist]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Oh look, more baseless shit.

I had no idea dick sucking lowered IQ....
There's this thing called google,why dont you give it a shot?

Ah, you've picked up on the fact that I'm sexually attracted to men, and now are using it to craft useless rhetoric, great job. I have looked into it, and your claim is unfounded, ignoring all context, and a desperate attempt. Mind backing yourself up? You've made the claim after all.

 

[Pogo]

The idea that for-profit colleges, like for-profit hospitals, even exist is absurd.

 

[Socialist]

The idea that for-profit colleges, like for-profit hospitals, even exist is absurd.

Absolutely.

 

[OohPooPahDoo]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it. Our own governor in Louisiana parrots it as often as he can, even as he signs legislation to cut funding to LSU, year after year after year. Since he has taken office, LSU's tuition has gone up from around 1800 semester to over 3k - and he has cut funding per student by that exact difference - but hey, why think?

 

[Socialist]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it.

Absolutely, and I love your signature, the truth hurts.

 

[OohPooPahDoo]

The idea that for-profit colleges, like for-profit hospitals, even exist is absurd.

I have no problem with them existing, but you shouldn't be allowed to use a federally subsidized loan to attend one.

 

[HereWeGoAgain]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it.

The Obama administration acknowledges that student loans could be behind skyrocketing tuition.

It aint rocket science. Colleges know they can charge more because the loans are federally backed.

 

[OohPooPahDoo]

Add the "going out of business" sign to "Sweet Brier College" in Va. One of the problems is that professors don't work cheap and union contracts are often extravagant.

WTF are you even talking about? Professors are some of the cheapest PhD's you can get. In the field of physics, for instance, a typical starting salary for a professor is around 50k - while a typical starting salary for both private industry and government labs is around twice that amount.

 

[Socialist]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it.

The Obama administration acknowledges that student loans could be behind skyrocketing tuition.

It aint rocket science. Colleges know they can charge more because the loans are federally backed.

"Could be behind" "Obama administration" Ignore the past several decades, keep spewing crap, and go on with your life. Oh, tell me why the loans came about in the first place?

 

[OohPooPahDoo]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it.

The Obama administration acknowledges that student loans could be behind skyrocketing tuition.

It aint rocket science. Colleges know they can charge more because the loans are federally backed.

The actual data does not support your claim in the case of tuition at public universities. I know that doesn't matter to you. I could show you LSU's actual budget since Jindal took office, their sources of revenue, and then show you how tuition has gone up by almost the exact same amount as state funding as been cut - but those would be facts - and you don't do facts.


The theory about which you base your empirically unfounded claim also requires profit-motive - public universities are not for profit.

So your claim is neither empirically nor theoretically supported in the case of public universities.

 

[Socialist]

Add the "going out of business" sign to "Sweet Brier College" in Va. One of the problems is that professors don't work cheap and union contracts are often extravagant.

WTF are you even talking about? Professors are some of the cheapest PhD's you can get. In the field of physics, for instance, a typical starting salary for a professor is around 50k - while a typical starting salary for both private industry and government labs is around twice that amount.

Professors are paid laughable wages for the service they provide, like most teachers in America, where fuckers like these guys: The Highest-Earning Hedge Fund Managers Traders - Forbes continue to act like they're useful to a society.

 

[HereWeGoAgain]

Is Corinthian Colleges’ recent bankruptcy a sign of the end times for the for-profit university industry? As the Washington Postrecently put it, proprietary institutions everywhere are currently “buckling under government lawsuits, regulatory scrutiny and depressed student enrollment.” So, provided that the Obama administration makes clear that Corinthian’s victims are entitled to debt relief, will purveyors of legitimate education start to feel like we’ve been raptured up to a heaven bereft of predatory education?
Maybe. Since 2014 (well, really since 2009, but more on that in a minute), the Obama administration has taken a relatively hardline stance on the least scrupulous of the for-profits. As Secretary of Education Arne Duncan told me in a recent conversation, these institutionslobby aggressively on “both sides of the aisle”; the industry has enough friends in Washington that a majority of the House of Representatives voted to block regulationsthat President Obama attempted to instate in 2009.* These regulations stipulated, among other things, that proprietary institutions that claim to provide career training need to furnish proof that their graduates found “gainful employment,” defined in terms of a reasonable debt-to-income ratio and the ability to repay loans on time. The regulations were finally enacted—among much protest from for-profits—last year.

Corinthian was discovered gaming the gainful-employment requirement by, say, hiring its students out to temp agencies for two days or counting Taco Bell as relevant employ in the field. Thus I can see why the industry fought the regulations with such vehemence. Now the Obama administration wants to add to for-profits’ tribulations by closing loopholes in the current “90/10” rule, a federal law mandating they receive no more than 90 percent of their funding from federal student aid programs.

Wait, what?More than what percent of what now?

It seems that some for-profits have used loopholes that allow them to get more than 90 percent—because just 90 percent is insufficient—of their funding from the federal teat. Funding that is usually loans. And these loans, lest I remind you, often go unpaid. “To be very clear,” says Duncan, “this is taxpayer dollars. This is your money.”

You and I, my friends, are just handing cash over to the University of Phoenixes of the world, because they can’t even manage to get 10 percent of their funding from anyone but us. We might as well be saying,Hey, I trust you will use this to make yourself rich and put people from vulnerable populations in massive debt, all in the name of an education that promised to give them a shot at a better life but is 100 percent doing the opposite.

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it.

The Obama administration acknowledges that student loans could be behind skyrocketing tuition.

It aint rocket science. Colleges know they can charge more because the loans are federally backed.

"Could be behind" "Obama administration" Ignore the past several decades, keep spewing crap, and go on with your life. Oh, tell me why the loans came about in the first place?

It was an attempt to recreate the wildly successful GI bill.

 

[Socialist]

Continued here: For-profit colleges and federal aid They get more than 90 percent of their funding from the government.

Federally funded college loans is the reason it costs so damn much to go to college.

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it.

The Obama administration acknowledges that student loans could be behind skyrocketing tuition.

It aint rocket science. Colleges know they can charge more because the loans are federally backed.

"Could be behind" "Obama administration" Ignore the past several decades, keep spewing crap, and go on with your life. Oh, tell me why the loans came about in the first place?

It was an attempt to recreate the wildly successful GI bill.

Or to help students, which they did, but y'know, whatever. Still waiting for your facts.

 

[HereWeGoAgain]

Federally funded college loans is the reason it costs so damn much to go to college.

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it.

The Obama administration acknowledges that student loans could be behind skyrocketing tuition.

It aint rocket science. Colleges know they can charge more because the loans are federally backed.

"Could be behind" "Obama administration" Ignore the past several decades, keep spewing crap, and go on with your life. Oh, tell me why the loans came about in the first place?

It was an attempt to recreate the wildly successful GI bill.

Or to help students, which they did, but y'know, whatever. Still waiting for your facts.

Even your messiah said theres a connection.

 

[Socialist]

Not in public colleges and universities. The amount tuition has gone up per student at public schools is almost exactly the same as the states' per student reduction in funding for public schools.

But I wouldn't want to confuse you with numbers and facts. Just eat the right wing line and like it.

The Obama administration acknowledges that student loans could be behind skyrocketing tuition.

It aint rocket science. Colleges know they can charge more because the loans are federally backed.

"Could be behind" "Obama administration" Ignore the past several decades, keep spewing crap, and go on with your life. Oh, tell me why the loans came about in the first place?

It was an attempt to recreate the wildly successful GI bill.

Or to help students, which they did, but y'know, whatever. Still waiting for your facts.

Even your messiah said theres a connection.

You think I support an imperialist who supports corporations? Fuck Obama, you're a moron.