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(PBS)   Pssst. Hey buddy. Wanna buy a college? I got 85 and they're going fast   (pbs.org) divider line 24
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3207 clicks; posted to Business » on 04 Jul 2014 at 11:07 PM (3 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



24 Comments   (+0 »)
   
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2014-07-04 09:36:36 PM
Who is going to pay the students back the money they paid?
 
2014-07-04 11:15:49 PM
Who wouldn't want a fine Corinthian education?

/You read that post in Ricardo Montalbán's voice.
 
2014-07-04 11:28:38 PM
We could start Fark U.
 
2014-07-04 11:30:43 PM

Mad_Radhu: Who wouldn't want a fine Corinthian education?

/You read that post in Ricardo Montalbán's voice.


You don't want one of those. I hear it's just a con.
 
2014-07-04 11:50:47 PM
why were taxpayers giving them over a $billion a year?
 
2014-07-05 12:08:31 AM
College isn't worth what it used to be.
 
2014-07-05 12:26:46 AM
Do you wanna buy a college?
...
It doesn't have to be a college...
 
2014-07-05 01:09:09 AM

E_Henry_Thripshaws_Disease: why were taxpayers giving them over a $billion a year?


It's a common business practice to have tax payers subsidizing privatized entities and stick them with the bill if things fold. Doesn't take much either. Just grease up some politicians, have crafty lawyers write the contracts and your in.

This is from earlier today on the main tab.

Under a settlement the Florida Public Service Commission approved in October, Duke was allowed to pass to customers $350 million to wind down the Levy contract.

The company failed to do the work and still gets to bill taxpayers for $350 million.

Now, some state office will always say they won't stand for this, the company is going to pay..blah blah blah... but the companies get away with it 9 times out of 10.
 
2014-07-05 01:29:31 AM

Lsherm: Who is going to pay the students back the money they paid?


That's why Ed didn't really put the hammer down on the financial aid and cut them off completely. If they hadn't come up with this arrangement, the schools would have closed and the loans would have been forgiven by law.

Since the campuses will remain open they're giving you the opportunity to finish your degree, so you're still on the hook.

So while the Department of Ed sounds like they're looking out for the students, in reality they don't want to forgive all of those loans that went to that chain of scam schools. Also, the investors (Corinthian is publicly traded) won't lose their shirts.

So, yeah, government looking out for everybody but the little guy.
 
2014-07-05 02:45:20 AM
Yep, the private sector is always more efficient.
 
2014-07-05 02:59:57 AM

Bucky Katt: Yep, the private sector is always more efficient.


except when its not.

/sounds like they did the responsible thing and went through bankruptcy.
//I won't lose sleep over this
///sounds like most students will get the educations they signed up for.
 
2014-07-05 04:14:03 AM

Mad_Radhu: Who wouldn't want a fine Corinthian education?

/You read that post in Ricardo Montalbán's voice.


It's just that the luxury universities have so much more eagle, it saddens me to think of all the students missing out.
 
2014-07-05 05:30:43 AM
Can I still get my degree from The Close Cover Before Striking School of Law?
 
2014-07-05 08:10:48 AM
Get a degree in Trolling from Fark U.
 
2014-07-05 08:23:20 AM

E_Henry_Thripshaws_Disease: why were taxpayers giving them over a $billion a year?


The obvious result of open-ended subsidies.

Bucky Katt: Yep, the private sector is always more efficient.


Clearly it is for most things.  Do you think this kind of thing would have ever been able to go on in a true private sector?
 
2014-07-05 08:40:19 AM
Everest 'College' may be closing?  GrumpyCatGood.jpg
 
2014-07-05 08:49:58 AM

BMFPitt: Do you think this kind of thing would have ever been able to go on in a true private sector?


Yeah, you would just never know it was a scam, ever.
 
2014-07-05 09:06:18 AM

cameroncrazy1984: Yeah, you would just never know it was a scam, ever.


So what is the scam in your mind, if it's not the recruiting of idiots to get piles of federal loans to pay for the school?
 
2014-07-05 10:42:59 AM
I was on the subway for the first time in years.  The inside was plastered with dozens of technical college advertisements.

Heinous.  Despicable.

"Financial Aid available" - Loans that cannot be forgiven or discharged in bankruptcy, but you'll be making so much more money that those payments won't be a problem at all.

"Job Placement" - Here's a link to Monster.com, it isn't our fault the economy sucks.  Write us next week and we'll send you a link to hotjobs.com.

"Average earnings in IT $74,356" -  Without mention of what percentage of their "graduates" are actually employed in the field AND what they're paid.

There is always a lot of money to be made in IT.  Like anything, it takes intrinsic motivation for the job itself (not just the cash), a fair amount of aptitude/talent, a lot of hard work, and a modicum of social skills.

I make more than double that quoted average, yet I didn't attend a single class in a for-profit college.

Stay the fark away from for-profit colleges.  Real colleges are offering online classes.  The only exception is maybe getting a masters to check a box for a job requirement.  I saw someone do some homework for their masters class on cybersecurity - It was like a six year old wrote it - full credit.
 
2014-07-05 10:54:19 AM

wagnerism: I was on the subway for the first time in years.  The inside was plastered with dozens of technical college advertisements.

Heinous.  Despicable.

"Financial Aid available" - Loans that cannot be forgiven or discharged in bankruptcy, but you'll be making so much more money that those payments won't be a problem at all.

"Job Placement" - Here's a link to Monster.com, it isn't our fault the economy sucks.  Write us next week and we'll send you a link to hotjobs.com.

"Average earnings in IT $74,356" -  Without mention of what percentage of their "graduates" are actually employed in the field AND what they're paid.

There is always a lot of money to be made in IT.  Like anything, it takes intrinsic motivation for the job itself (not just the cash), a fair amount of aptitude/talent, a lot of hard work, and a modicum of social skills.

I make more than double that quoted average, yet I didn't attend a single class in a for-profit college.

Stay the fark away from for-profit colleges.  Real colleges are offering online classes.  The only exception is maybe getting a masters to check a box for a job requirement.  I saw someone do some homework for their masters class on cybersecurity - It was like a six year old wrote it - full credit.


New York City runs ads in the subway telling people not to go to for profit colleges and to call a hotline for more info.
 
2014-07-05 12:14:43 PM
For-profit college + public subsidy = does not compute.
 
2014-07-05 01:24:17 PM
thornhill:

New York City runs ads in the subway telling people not to go to for profit colleges and to call a hotline for more info.

This was in NYC.  :)  I was on the Path visiting WTC on Independence Day.

/Maybe NJ doesn't care?
 
2014-07-05 01:47:34 PM
thanks, Obama
 
2014-07-05 01:50:51 PM

wagnerism: thornhill:

New York City runs ads in the subway telling people not to go to for profit colleges and to call a hotline for more info.

This was in NYC.  :)  I was on the Path visiting WTC on Independence Day.

/Maybe NJ doesn't care?


It's the Michael Bloomberg philosophy of a paternalistic government (the ads began under his administration).

Say what you want about it, but I thought this was a pretty smart campaign.

tasteslikeburningdesign.com
 
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