A week ago, I wrote to share the news that a quarter of students departing the private for-profit Kaplan University are so desperate that they default on their student loans. Defaulting on student loans is a big deal: it absolutely wrecks a person’s credit rating, it leads to harassment by collecting agencies, and is almost [...]
Some Americans are gung-ho about the private sector. They like to say that anything the government can do, business can do better.
How do we then explain the fact (taken from statistics maintained by the Department of Education) 1 out of 4 students at Kaplan University, one of the three largest private for-profit universities in [...]