Thread regarding Dream Center Education Holdings, LLC (DCEH) layoffs

@qeg: did Obama also steal students' stipends to fund his retirement? You forgot to include that one.

If you back and check out the performance of anyone of the schools mentioned pre-Obama you'll see that these schools were viable, had decent graduation rates, good to excellent job placement rates and had competitive tuition costs. Obama vowed to crush the for-profit education system the very first day in office. He started the collapse by pulling the student loan program in house and then granting anyone that could sign their name a student loan for the maximum amount allowed. He also raised interest rates on student loans to a higher percentage than the private sector was charging. Also by raising the maximum amount a student could borrow it forced the for-profit education industry to raise tuition prices to stay in compliance with the 90/10 rule that only for-profits have to abide by. The rise in tuition costs combined with the larger loan amounts and higher interest charges resulted in more and more students defaulting on their student loans. These figures caused for-profit education executives to come up with elaborate policies, some immoral and some illegal, to try and keep their company above water.

Obama succeeded in destroying most of the for-profit education industry along with millions of the lives of innocent employees and students because he couldn't stand to see a private industry train people to actually succeed in life and not be indoctrinated by the liberal teachers and professors that rule the government subsidized and union controlled public education system.

If you read his posts in each of the schools he comments on, he is typically correct.

And Camden continues to be a joke