NYT: For-Profit Colleges Accused of Fraud Still Receive U.S. Funds
Some for-profit colleges facing fraud accusations continue to receive federal student aid despite promises to protect students and taxpayers.
A New York Times report examines how for-profit colleges accused of fraud still receive federal funds after debt relief for former Corinthian Colleges students.
When the Obama administration agreed to erase the federal loan debt of some former students at Corinthian Colleges, a for-profit school that filed for bankruptcy in the face of charges of widespread fraud, education officials promised to “protect students from abusive colleges and safeguard the interests of taxpayers.”
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