<p>"Three recent graduates of New York Law School claim they were duped by the school's marketing campaign. According to a $200 million lawsuit, the law school reported fraudulent employment statistics intended to deceive prospective students ..."</p>
<p>At least they're using their litigation skills.</p>
<p>We all should care; let’s hope they win the lawsuit. Just self-interest, actually. How are these students funding their massive debt? Government guaranteed loans, no doubt. While these loans can no longer be discharged in bankruptcy, that doesn’t mean they’ll ever get paid. So who’s stuck with the bill? Every taxpayer, in one way or another. Default on loans to students at for-profit colleges is now at 15%, up from 11% just a few years ago.
So onward to victory!</p>
<p>I’m curious what their evidence will be on how the employment statistics are fraudulent … a survey? It’d take a lot to convince a judge on that one, I would think.</p>