Monday, May 3, 2010

Diploma mills recruit at halfway houses and homeless shelters

Bloomberg Businessweek reports that for-profit schools are recruiting students at homeless shelters and halfway houses, enticing them into huge debts to pay for overpriced programs and sticking taxpayers with the bill.

The article also notes that Goldman Sachs, the high profile investment firm and bailout recipient whose CEO recently testified before Congress about alleged improprieties, owns (38%) the Education Management Corporation, the owner of the Art Institute of Milwaukee which is seeking a public subsidy (new market tax credits) to anchor a redevelopment project in Milwaukee's 3rd ward.

Have these billionaires no shame?

The expose is linked.

No comments: