What does DeVos reinstatement of discredited accreditor ACICS mean for DCEH, Middle States, HLC, WASC, etc?
https://www.republicreport.org/2018/while-you-were-eating-devoss-holiday-embrace-of-predatory-colleges/
10 replies (most recent on top)
Trump will go!
Go Trump!
If m-r-j-a-a can be legal... so to bankruptcy rights for student loans
Trump is worst Manchurian candidate ever. Talk about a communist ball licker.
It’s no secret that millennials are swamped with student loan debt. While more millennials have obtained bachelor’s degrees than those in generations past, they also borrowed the most to earn those degrees. As of 2018, outstanding student loan debt in the U.S. surpassed $1.48 trillion, almost one-and-a-half times what Americans owe on credit cards. The average net worth of a millennial with student loans is only 25% of the net worth for a fellow millennial without them. What’s more, the data suggest student loan debt is preventing some millennials from saving for retirement or buying homes. Student loan-saddled millennial households having an average net worth of $29,087, compared with $114,376 for student loan-free households. In other words, millennials unburdened by student loans held over $85,000 more than those who still had debt from college or graduate school.
Even though a college degree typically leads to a higher-paying job, the student loans that often go with it can significantly undermine your ability to build wealth after graduation. Trends over time are most alarming among for-profit colleges; a recent analysis from the New York Federal Reserve found that for-profit college students default at a much higher rate than those at nonprofit schools.
So who pays when students default ... we all do. And Millennials will be feeling this crisis for decades to come.
1etg AMEN!
Hey @WkJJBkH-1etg, Your lecture is so similar to "Government Hands Off Our Medicare." Nearly 90 percent of revenue for many for-profit schools has come from taxpayers, so who exactly is the Socialist here? Taxpayers have a right to demand performance standards for enterprises funded with taxpayer money, and that is what the Obama administration was trying to do, and that's what the special interest lobbyists for for-profit schools have been resisting.
Ah, all the Socialists are having a meltdown. If Obama would have kept his ugly hands out of education in the United States things would have worked out and everyone would be better off. Obama and his bitter HATE of America has caused almost irreversible damage to our education system. This is what happens when a horrible president tries to turn our education system into indoctrination camps to brainwash our youth on Communistic ideologies.
Dream Center and its schools are just part of the subprime college crash and the larger US College Meltdown. Trump and DeVos can try to prop up these zombie colleges, but they won't survive. Or will they transform into something even more frightful?
https://www.thelayoff.com/nau
https://www.thelayoff.com/university-phoenix
https://www.thelayoff.com/devry
https://www.thelayoff.com/kaplan-university
https://www.thelayoff.com/strayer
https://www.thelayoff.com/grand-canyon-university
https://www.thelayoff.com/laureate-education
This viper sad to say should have been annihilated during the Obama Administration so one step forward and two steps back as usual.