The Transylvania Times -

Folly Of For-Profit Schools


It has been known for several years among people who pay attention to higher education that many for-profit colleges and universities are little more than scams. A multitude of facts revealed that many of these for-profit schools were giving loans to students who were not qualified to attend college and would have trouble getting a good job upon graduation, much less paying back their loans.

This week the federal government reached a $95.5 million settlement with Education Management Corporation (EDMC), which operates schools such as the Art Institutes, Argosy University, Brown Mackie Coll...

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