27 July 2011

Private education companies

This is not the argument that I will, eventually (probably when I really need to procrastinate), make in a post. But it is a bit of empirical evidence. It involves a $1.6 million settlement with students by Kaplan, Inc. a for-profit educational company, a subsidiary of The Washington Post.

Here is the conclusion of an article on what is merely the latest law suit against the company.
As a result of the settlement Kaplan will pay about $500,000 to 43 students who took out loans to attend the school but who could never graduate (or get good jobs to pay off their loans) because the school wasn’t able to offer the clinic training students needed to graduate or obtain licenses.

And the degree only costs $16,000.

I especially like the part about 'could never graduate.'


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