Massachusetts Attorney General Martha Coakley has broadened her investigation into recruiting and lending practices at for-profit colleges and trade schools, which critics say leave students with mountains of student loan debt, but often do not lead to decent-paying jobs.
Coakley, who began examining a handful of schools two years ago, said she is now looking into whether more than a dozen institutions that do business in Massachusetts misled prospective students about the cost of course work, the odds they would graduate, or the likelihood they would find employment in their field of study.
Comments
Thanks Attorney General Coakley! As a teacher at an underperforming turnaround high school these schools are always trolling and promising our students that they can make $80,000. after a year of trade school! One car repair school tuition was almost $40,000. for the year! Poor Kids are buying the hype and don't realize that at the end of that year that loan will come due and they will be in worse shape financially.
I guess when it comes to for profit schools, it is all about the money. Forget that the teachers probably love what they are teaching, the students found something they are passionate about learning and at the end of the process the people of the state have an individual contributing a learned skill.
It's about time - long overdue. This is a serious issue.
She needs to include the local bottom-feeder law schools... especially New England School of Law and it's million dollar dean. What percentage of recent NESL grads have been getting "employment in their field of study." I also wonder how the new "UMass Law" is recruiting its suckers, er students, looking to go 6-figures into debt for a worthless degree.
silly ed...
Marsha is only going to look at those pesky schools that aren't hiring enough hacks....
How about the "Non-profit" schools - seems to me paying a professor 380K a year (Elizabeth Warren) for teaching one class is also financial abuse of students.
And the "non-profit" loans are not dischargeable in bankruptcy.