Fraud perpetrated by for-profit colleges is a growing problem for the government and for students alike. Already, there have been many fraud rings busted by authorities. These rings were oftentimes getting financial aid payments for fictional students. In some cases, students who were actually real people may have been encouraged to take out far more federal lending than they needed, simply to fill the school’s coffers. There are some real considerations that you should take into account before you attend a for-profit school, particularly one that operates online.
Not Many Degrees
In study after study, it’s been shown that people attending online schools tend to drop out before they get a degree. Many of them drop out rather quickly. Going to college, whether you’re going to a state school or attending college on your computer, takes work and time. Some of these for-profit institutions claim that going to college has never been easier, but that is not necessarily true. Some students will find that the money and time they put into online classes is largely wasted, as they never learn enough to actually finish their degree and essentially throw away their student loan money.
In other cases, students do get degrees but find out that the promises that the institution may have made to them were largely fictions. For instance, the school may promise that they can place their students into particular jobs when that is not at all the case. The schools may even be handing out phony degrees that don’t qualify the student to work in the field that they’re studying or that still require the student to get a great deal of additional education to finish off their degree, even though they may not have been told as much when they started studying at the school.
Where for-profit schools are concerned, there are good reasons to be wary. If you do find yourself having been scammed by one of these phony schools, you don’t have to take it as a loss. You do have power in this situation and you should know that selling someone a worthless product or service is something that companies and individuals can be held financially liable for in court.
An education fraud attorney may very well want to speak with you if you’ve been ripped off. This is a serious issue and attorneys are able to help the victims assert their rights and, sometimes, get their money back.
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