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Why we have over $1 trillion in student loans
For-profit college schemes
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Brought to you by the Washington Post
It's a great scam.
1. Acquire failing colleges that are certified
2. Sell-sell-sell to everyone
3. Don't worry about the product and don't worry about the students
4. Jack up the tuition to the moon
5. Get the taxpayers to insure the loans
Kaplan University is 58% of the Washington Post's revenue.
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