The real scam is signing up students whom they recruit in homeless shelters, to get loans from the government & stipends from the schools. The students default & the state pays the schools.
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of raghu Sent: Wednesday, October 12, 2011 1:38 PM To: Progressive Economics Subject: Re: [Pen-l] Zombie lies about government housing and education policy On Wed, Oct 12, 2011 at 3:28 PM, Max Sawicky <[email protected]> wrote: > Raghu writes: >> "The for-profit "colleges" are outright scams. They are not colleges. >> They consume 25% of all Federal aid dollars which should be a >> national scandal, > > Where does that number come from? > It looks . . . wrong. > The number is scandalously large, but it is correct. See for e.g.: http://articles.latimes.com/2010/aug/16/business/la-fi-for-profit-colleges-20100816 "Although just 10% of college students attend for-profit schools, the schools collect nearly 25% of the $24 billion the government allocates each year to fund Pell grants and Stafford loans." -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
