Spreadin’ Love 670

What circle of hell should we send people who steal from foundations for poor kids?

The Russian track and field team is banned from the next Olympics. Back up careers for those runners? Extras on the next Spielberg movie about the Holocaust.

Obama’s higher ed fraud office is busy. They’re bailing out the student loan debt of students, who took classes at crappy colleges. One of my education newsletters says that they’re still trying to figure out the exact definition of a fraudulent college, but they’re estimating that it’s going to cost the government between $2b and 42.7 billion. Almost all student loans going towards AA and certificate degrees at for-profit colleges will get reimbursed. Even some BA degrees.

6 thoughts on “Spreadin’ Love 670

  1. My husband was telling me about the track team’s chemist’s shenanigans in Sochi. Smart guy!

    If Russians would only apply their intelligence to doing things that actually served their fellow man, they’d rule the world.


  2. That first link is bad, but it’s still a very distant second in the “What is the worst thing a university athletic official has ever used a children’s charity for” sweepstakes.


    1. The “what is the worst thing a university athletic official has ever done?” derby is VERY competitive these days.


  3. After the Russians getting knocked out of the Euros, I have to say I’m enjoying some schadenfreude. Putin can buy the Olympics (and hold them in the one part of Russia that’s warm all winter), buy the World Cup, but he can’t apparently buy a good soccer team.


  4. I think fraud is the basic business model of the college industry, so an attempt to delimit “fraudulent colleges” from the remainder is futile. Except for a small cadre of public and private sector managers (a demand entirely filled by the 20 or so Ivies and equivalents), there is no way the typical non-business, non-STEM degree could be worth $240,000.


    1. Of course, even now most colleges don’t cost nearly that much.

      I still don’t get how “business” degrees became a good thing for undergraduates. It wasn’t even 25 years ago when I was in college and it was what people did when the found communications too hard.


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