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Corinthian to close its last schools; 10,000 students in state displaced

Posted on 4/27/15 at 7:12 am
Posted by gingerkittie
Member since Aug 2013
2675 posts
Posted on 4/27/15 at 7:12 am


This post was edited on 12/19/18 at 1:56 pm
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
57247 posts
Posted on 4/27/15 at 7:13 am to
Need to know which race is affected the most before I can determine my level of outrage thanks
Posted by Volvagia
Fort Worth
Member since Mar 2006
51894 posts
Posted on 4/27/15 at 7:19 am to
I would be behind forgiveness for those in debt, at least in part.

It was all a shitty scam that only existed because the government allowed loans to be issued to the schools.
Posted by G Vice
Lafayette, LA
Member since Dec 2006
12911 posts
Posted on 4/27/15 at 8:12 am to
Seems like this would be the tip of the iceberg, and more of this would make the news.

One local company made the papers a few years ago because of false advertising their actual ability to place X-ray tech students into internships, leaving them with no where to go after doing a year or so of classroom study.

Same company dances around the issue of accreditation, and for its ability to get ultrasound tech students clinical placements and even sit for the exam.
Posted by supadave3
Houston, TX
Member since Dec 2005
30234 posts
Posted on 4/27/15 at 8:17 am to
I know two people that ran up over $50k for an associates degree here in Baton Rouge at ITT. That's an obscene amount of money for a 2 year degree.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 4/27/15 at 8:26 am to
quote:

I would be behind forgiveness for those in debt, at least in part.

It was all a shitty scam that only existed because the government allowed loans to be issued to the schools.


So they bear no responsibility for making a shitty decision?
Posted by Rickety Cricket
Premium Member
Member since Aug 2007
46883 posts
Posted on 4/27/15 at 8:29 am to
quote:

I know two people that ran up over $50k for an associates degree here in Baton Rouge at ITT. That's an obscene amount of money for a 2 year degree.

Sort of speaks for itself why they didn't attend a regular college in the first place.
Posted by Bmath
LA
Member since Aug 2010
18664 posts
Posted on 4/27/15 at 8:31 am to
My wife worked as a recruiter for Everest a few years ago during a big teacher hiring freeze. Many of the schools were very rude to her or flat out refused to let her come and talk.

Once she started to realize what they were it became very morally conflicting.

Thankfully she only worked there for about six months.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 4/27/15 at 8:34 am to
quote:

So they bear no responsibility for making a shitty decision?
Having a $50,000 loan forgiven would cause a $7,500 tax liability for those in the 15% tax bracket. How much would you care to bet that those in favor of student loan debt forgiveness also want to exclude the cancellation of debt from income to save the borrowers from paying taxes on their boon?
Posted by PuntBamaPunt
Member since Nov 2010
10070 posts
Posted on 4/27/15 at 8:37 am to
quote:

Sort of speaks for itself why they didn't attend a regular college in the first place.


I'm curious as to why these students didn't bail last year when the ED first stepped in and ordered the wind down.
Posted by Volvagia
Fort Worth
Member since Mar 2006
51894 posts
Posted on 4/27/15 at 9:49 am to
Did I not say "at least in part?"

It was a stupid choice, but they earnestly were trying to better themselves, only to find it was completely valueless in the job market.

Not the field mind you, but the education itself.
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