What an apt name for these for-profit schools. Just as the Grigory Potemkin is said to have created post-card ideal (but altogether fake) villages to impress Catherine II in her travels, these schools make it appear they are providing a genuine college education when often they are providing a grade in exchange for money, education is incidental, at best. The Department of Education has said it will be creating a loan forgiveness program for students who took on debt while attending schools that used deception to recruit. The degree of deception and other specifics are still to be determined.
What is contemptible is that we have a system that creates this in the first place. If we had free college education at state institutions as Bernie Sanders proposes, then there would be no air for these for-profit schools to breathe. And, that’s as it should be. These schools are warping the landscape of education, creating expectation of ‘grade for money’ for all higher education, and otherwise yielding evidence of the ineffectiveness of college education when actually these schools are the ineffective ones.
More on FiveThirtyEight.com: http://fivethirtyeight.com/datalab/loan-forgiveness-for-bad-faith-not-bad-bargain-schools/?ex_cid=538fb