Across America, recent higher-ed graduates and dropouts are feeling burned because the educations they counted on to bring them prosperity have instead yielded deep debts but few job offers. The picture is particularly bleak for students at for-profit colleges — a sector that, in an alternate universe, could be leading the innovation in higher education.
For-profit schools often seek to provide vocational skills rather than traditional academic training and could, in theory, move more quickly to respond to changes in what employers are demanding. The industry argues that it gives working parents, returning service members, and other nontraditional students more freedom to earn degrees.
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time to stop government aid, let these colleges help the students. http://business-news.thestreet.com/wickedlocal-arlington/story/college-financial-aid-is-killing-us-todays-outrage/11477015
Colleges(?) In Massachusetts Deval Patrick changed the names of 'colleges' to 'universities:' It was done for status and sound-bite purposes because he obviously didn't understand the difference in meaning between the definition of a 'college' and a 'university.'
What does that have to do with the story?
If a student drops out within the time frame to receive a refund, does that refund go back to the company that did the loan? if not why?