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Two For-Profits Accused of Scamming Students, Won't Get Funding


Feb 2, 2016
Two for-profit trade schools are being accused of lying to students in order to secure millions in federal funding. After receiving a combined $107 million in federal funding in the 2014-2015 academic year, two for-profit trade schools are temporarily banned from receiving any more funding from the Department of Education after reportedly falsifying documents and student statistics in what is being called an "outright lie to both students and the federal government." Marinello Schools of Beauty has 56 campuses in California and Nevada, 23 of which will no longer receive federal aid after reportedly requesting aid for students who had "invalid high school diplomas" and making students pay higher monthly out-of-pocket costs to cover tuition - such as $2,500 to $2,750 for books and [...]
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10 months ago 6 comments

We’ve all had at least one teacher that has impacted our lives in a positive way. Whether their passion for the subject they were teaching led you down a new educational path or the skills they imparted are still ones you use today, more educators like that are needed and a newly-funded program may make that possible. The Obama administration showed its support in increasing teacher [...]

58 months ago 0 comments Read More

Firefighters. Police. Ghostbusters. Your mom. There are certain people you instinctively contact when you need assistance and the same holds true for the federal government. When the Department of Education noticed there was something strange in the neighborhood regarding federal student aid, they knew just who to call. Less than a month after releasing a report detailing how organized fraud [...]

62 months ago 0 comments Read More

The much-lauded new Income-Based Repayment plan for federal student loans has been available to student borrowers since July, but those who could potentially benefit may have difficulty enrolling in it. The Department of Education's Direct Loans website allows borrowers to enroll online in several student loan repayment plans, including the Standard, Graduated, and Income-Contingent options using [...]

86 months ago 0 comments Read More

While it falls in the middle of summer on most academic calendars, July 1 marks an important date for financial aid each year.  On July 1, the Education Department switches from the 2008-2009 academic year to the 2009-2010 one, and new federal rules for financial aid go into effect. This means new loan consolidation and repayment options, lower interest rates on some federal student loans, among [...]

90 months ago 0 comments Read More

With President Obama's proposal to end the bank-based Federal Family Education Loan Program, there has been much speculation on what role would be left for banks in student loans, as well as which banks would be allowed to play that role.  An announcement made yesterday by the Department of Education indicates that at least four banks will remain involved in federal student loans for the [...]

90 months ago 0 comments Read More

During his confirmation hearing Tuesday, Arne Duncan, Obama's appointee for Education Secretary, disclosed broad ideas but few specific plans for education in America.  Much of the hearing before the U.S. Senate focused on elementary and secondary education, though questions related to paying for college did surface.  Duncan's primary focuses appear to be on college access and college [...]

95 months ago 0 comments Read More