Episode 265: Higher Education Fraud?
Is there a massive class action suit awaiting colleges and universities that promise certain educational outcomes and don’t deliver? Colleges and universities are admitting students they know won’t succeed and happily cashing their tuition checks....
Words & Numbers · Antony Davies
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Show Notes
Is there a massive class action suit awaiting colleges and universities that promise certain educational outcomes and don’t deliver? Colleges and universities are admitting students they know won’t succeed and happily cashing their tuition checks. There are scary parallels here to bankers who gave mortgages to borrowers the banks knew couldn’t afford to repay those mortgages.
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https://fred.stlouisfed.org/series/INDPRO
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https://nces.ed.gov/fastfacts/display.asp?id=73
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