For-profit colleges did not get much love during the Obama administration. Students who took out huge loans to attend schools like Corinthian College or Minnesota School of Business had their loans forgiven. Under the watch of Betsy DeVos, the department of education has been much less forgiving.
The NYT quotes one woman who took out huge loans to go to an art school.
“It’s just dream-crushing,” said Meaghan Bauer, who owes $45,000 for her time at the New England Institute of Art. The for-profit school, in Brookline, Mass., closed last year and was sued on fraud charges by the state attorney general in July.
This woman took out huge loans to go to an arts school and is shocked because she doesn’t have a job. Really?
Are students who get MFAs at schools like NYU or Rutgers and don’t find work, entitled to loan forgiveness, too? Why are there different rules for for-profit colleges and non-profit, but still cost a lot of money colleges?
How about all those PhDs who don’t have jobs? Can they sue, too?
I cool with that, as long as everyone benefits.