Tuesday, June 05, 2007

Universities busted.

I have been very fortunate not to have to take out student loans for my education. Many of my friends owe thousands of dollars and that's a horrible way to start out life as a new graduate. I can't imagine paying for a student loan that's the cost of a car payment!

What's very disappointing is that many universities have been caught in the kickback scandal where they only represented certain financial institututions for people to get financial aid. In return the university would get a kick back.

That's pretty darn lousy considering they're really preying on the students who don't have any money anyway - hence the reason they're applying for loans in the first place!

Now Capella has settled to go through funding that has no kickbacks and is geared towards students interests.

The audit showed that Capella University had been doing good practices throughout.

Finally, a University that has some sense of ethics and mortality!

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