WASHINGTON President Donald Trump’s administration will soon supply an exclusive contract that will give one firm the suitable to service billions of dollars of excellent federal student loans now handled by four firms, officials said on Friday.
Why is the Department of Education being so cavalier with our limited schooling dollars? When a faculty doesn’t deliver the promised schooling to a scholar, not only is the scholar being defrauded, but so is the Department of Education and the very taxpayers who’re offering these dollars. Why aren’t these colleges being – at the very least – fined for this fraud? Most residents who defraud the federal government find yourself with a lot, much worse.
The principal campus of the University of Phoenix, the largest for-revenue institution within the United States, has an estimated loan compensation rate of forty four p.c, in keeping with the division’s calculations. That means it is near …Continue reading