Sen. Elizabeth Warren Claims “For-Profit Colleges Intensify Student Loan Crisis”

Career College Central Summary:

  • “The for-profit colleges are both driving up the amount of student loan debt out there and they're driving up the number of defaults," said U.S. Sen. Elizabeth Warren. Warren believes for-profit schools are loading up low-income students with debt that they can't possibly repay.
  • "When that happens the students get hurt, the taxpayers get hurt. But the colleges just keep on taking federal dollars with almost no consequences,” Warren said in a telephone interview.
  • "I was glad to see the Department of Education move on Corinthian and I hope this signals that they're going to be tougher on the for-profit colleges."

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