The for profit college scam that we pay for and guess who is key player?

[gametime]

Originally Posted by GregW

One of the functions of a college education is to be a gate keeper. The idea is to exclude the very smart. The very smart, that do not need 4 years of classroom education, pose a threat to the existing workers. Mostly college is a test of patience, memory and the willingness to play the game.

Which is why I pulled out of college after just 2 years.

[sammbriggs]

Originally Posted by hotair2

It seems these days that you can't turn over one rock of corruption without finding the cockroach Goldman Sachs.

One of the biggest fleecings of tax payer dollars is these for profit colleges that make promises of high salaries and great opportunities in order to get the students to enroll. It many cases it is just a scam to get federally backed student loans. The students do what they were supposed to do and graduate to find out that it was all a big lie. Now they are stuck with 30K in student loan debt, which of course they can't pay, so who pays, we do.

It is a simple matter to fix. Just say, any instutution that has a default rate of 50% or more on student loans will not be given any more Federally backed student loans. Why have neither the Republicans or democrats done this already...well?

Goldman Sachs is a huge player in the for profit industry. They are actually big time investors and owners in the largest for profit college Company. Whenever, you see corruption, there you will also find Goldman Sachs.

With Goldman's Foray Into Higher Education, A Predatory Pursuit Of Students And Revenues

the solution, get govt money out of education! stop the govt guaranteeing student debt and allowing the debts to stand after bankruptcy..

this goldman sachs thing is just another witch hunt. they don't make the rules, the people continually votes for rules which favor goldman sachs