Thread regarding ITT Educational Services Inc. layoffs

Yet another reason to close down the for profits

Democratic politicians often claim that the federal government makes a profit on student loans. However, the latest release from the Congressional Budget Office (CBO) shows that the truth of that assertion depends on how you slice the numbers. Using fair-value accounting, which incorporates the big risks that taxpayers take when lending to students, the government is losing money on student loans. And this is no small loss. Over the next ten years, the federal student loan program will come with a $170 billion price tag.

http://www.forbes.com/sites/prestoncooper2/2016/04/10/federal-student-loans-will-cost-taxpayers-170-billion/#211e06195e04

by
| 741 views | | 3 replies (last May 8, 2016) | Reply
Post ID: @OP+GRfvg3r

3 replies (most recent on top)

All colleges are for profit dumbass, just because they call it something different changes nothing.

by
| | Reply
Post ID: @rqik+GRfvg3r

I feel sorry for the stupid chumps who still work there, how pathetic. If they haven't left by now they deserve whatever they get.

by
| | Reply
Post ID: @2fuf+GRfvg3r

ITT Tech may have to close more than half of its schools because they cannot meet their ACICS benchmarks for retention, graduation, and licensure. Check out the 10K Annual Report.

by
| | Reply
Post ID: @1nxq+GRfvg3r

Post a reply

: