GOVERNMENT funds set aside for college aid have long been a favoured target for grifters. After the second world war, veterans flush on GI Bill funds would sign up for sham television-repair courses. After receiving the free television that came with enrolment, they would quit—while schools billed Uncle Sam for the entire course. Low-quality “proprietary schools” tried to cajole Vietnam veterans into enrolling through, in the words of the Federal Trade Commission, “deceptive advertising, high pressure sale tactics and misrepresentations of course difficulty and content”. George H.W. Bush signed legislation in 1992 culling thousands of such outfits. Every few decades, newspaper exposés would prompt irate congressmen or presidents to weed out fraudulent for-profit programmes—only to discover later that they had simply sprung up elsewhere.
Barack Obama’s administration was the latest to give this a try. His education department finalised two important regulations. The first...Continue reading
Source: United States http://ift.tt/2jdQFYw
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