A 2.7GPA College Grad is Suing for Reimbursement of Tuition

[kelsmom]

<p>jym, the feds instituted a cap beginning in 09-10 … theoretically 9 years (18 semesters), but it’s really 900%. If a student receives 75% in a year, then the timeline extends another 1/4 year … so it could be more than 9 years.</p>

[sybbie719]

<p>I think that one of the things that some posters are overlooking is that many of these schools position themselves as a majic bullet for those who are undereducated and underemployed in this economy to get have a better lifestyle. A Berkley or Monroe college will advertise on the train that “You want a Better Future. Start Here”. There certificates can get you a better job." The prospective student thinks that if they go to Monroe ro Berkley college that it will immeadiately lead to them to a job making more money just by simply attending.</p>

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For-profit schools lobby to avoid proposed federal aid rule</p>

<p>For-profit schools receive about $1 of every $4 spent on federal Pell grants for students in financial need. That totaled more than $7 billion in the last school year - up from nearly $1 billion a decade earlier. For some for-profit schools, federal grants and loans account for most of their revenue. </p>

<p>Federal data show that 11.6 percent of student borrowers from for-profit schools default on their loans within two years of beginning repayment, compared with 6 percent from public colleges and 4 percent from private, nonprofit schools. Some experts note, however, that default rates are often high at nonprofit schools with many low-income students. </p>

<p>Those affected</p>

<p>Under the “gainful employment” rule, programs at for-profit schools and non-degree vocational programs at public and nonprofit schools would be held accountable for how much debt their graduates accumulate relative to annual income and for whether former students are repaying the principal on their loans. Programs that fall short of standards could face enrollment limits or lose eligibility for federal aid. Analysts say a cutoff of aid would effectively kill the programs. </p>

<p>The proposal would affect the for-profit sector more than others because its students tend to amass more debt. </p>

<p>[For-profit</a> schools lobby to avoid proposed federal aid rule](<a href=“http://www.washingtonpost.com/wp-dyn/content/article/2010/10/22/AR2010102200093_2.html?hpid=topnews&sid=ST2010102200547]For-profit”>http://www.washingtonpost.com/wp-dyn/content/article/2010/10/22/AR2010102200093_2.html?hpid=topnews&sid=ST2010102200547)</p>

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