For Profit Colleges Under Investigation by Congress, and this one shouldn't receive funds

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November 03, 2015

For Profit Colleges Under Investigation by Congress, and this one shouldn't receive funds

Tavares, FL Nov. 3, 2015

Billions of US taxpayer funds flow to private, for profit colleges, and many overcharge, lie to students and the students run up school debt from Federal loans and don't pay it back.

How do these colleges qualify to get the Federal student loans?

They are approved by private accreditation firms, and if they don't implement tight standards, the colleges get away with fraud and students, not the colleges, are on the hook for debt for poor education.

Read this story and watch the video of Senator Warren grilling the head of one of the accreditors and you will get mad at the Federal government for allowing some of these accreditors and colleges to get ANY Federal tax dollars.

Vance Jochim [email protected] YouTube Channel "FiscalRangersFlorida"

Posted at 03:28 PM in Education, Ethics in Politics & Government, Federal Government Issues, FiscalFiasco | Permalink

Tags: Accrediting Council for Independent Colleges and Schools, ACICS, For profit colleges, student loan fraud