For-Profit Colleges Draw Scrutiny From AG Offices | WGBH
Massachusetts is joining a growing number of states that want to better regulate for-profit colleges. The Attorney General’s office is taking testimony this week on new rules that would strengthen oversight of colleges that don’t have tax-exempt status and rely on tuition and stock market investors.
For-Profit Colleges’ Methods Under Fire | WGBH
Massachusetts is joining a growing number of states that want to better regulate for-profit colleges like DeVry, the University of Phoenix, and the Brookline-based Art Institute of New England to prevent aggressive recruiting of people who can’t afford to spend upwards of $40,000 a year on tuition and fees.
A Check On Bad Student Loan Debt | CommonWealth
LAST YEAR, FEDERAL education officials did something they almost never do: They wrote off more than $3 million in student loan debt belonging to nearly 500 students. Short of dying or paying them off, students almost never shed their college debt, even through bankruptcy.
Debt Trap | Harvard Law Today
When it abruptly closed its doors for good last January, the American Career Institute, a for-profit college with five campuses in Massachusetts, left students stranded in dire financial straits: They won’t get the job training or certificates they paid for, but they remain on the hook for student loans they can’t afford.