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Michelle Rhee (Hyungwon Kang/Reuters) For-profit colleges are major drivers of student loan debt, and in many cases are outright scams, aggressively and deceptively recruiting students who are likely to drop out after accumulating lots of debt, and who will face poor employment prospects even if they graduate. Continuing to siphon up so many student loan dollars requires political clout to ensure that the government doesn't regulate the for-profit college industry; that's why Rep.
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Michelle Rhee (Hyungwon Kang/Reuters) If there's a dollar to be made by taking a public service provided by the government, privatizing it and inserting an unnecessary middleman to suck up profits at taxpayer expense, there will alw... Read Post

Remember when I wrote about for-profit colleges, student loans, and how they're sucking the life out of the federal student loan program and how the graduation rate is abysmal despite the fact that they cost nearly five times what p... Read Post

On Thursday, Sen. Elizabeth Warren (D-Mass.) slammed a Republican student loan bill the House just approved that would allow interest rates on student debt to skyrocket. "The student loan bill passed by House Republicans takes a bad... Read Post