Why we have over $1 trillion in student loans

For-profit college schemes

Brought to you by the Washington Post

It’s a great scam.

1. Acquire failing colleges that are certified
2. Sell-sell-sell to everyone
3. Don’t worry about the product and don’t worry about the students
4. Jack up the tuition to the moon
5. Get the taxpayers to insure the loans

Kaplan University is 58% of the Washington Post’s revenue.

Great takeaway:

“You can’t regulate a criminal enterprise”

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