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b_b · 3289 days ago · link · · parent · post: DeVry University Agrees To Stop Ads Touting Grads' Job Success Without Proof
The whole goddam reason that the government backs student loans is because they're supposed to be an investment in future tax payers. That's the shitty thing for us. The ROI to the gov't (i.e. taxpayers) is highly negative. I can't remember the stat off the top, but I think it's about 50% of defaults are from for profits, while they only represent 5% of students (something close). The students are getting fucked; the tax payers are getting fucked; Jack Welch is getting richer. The US government should not be in the business of funding any unaccredited schools, but especially ones based on a for profit model. Such a scam.