Hypothetically speaking, if one were to run a part-time private school which sounded suspiciously like a four-year type of institution, and charge substantially more than a community-college type place for potentially no better results, would one then want to refund dropout students' loans to the lenders, and then go directly after the students for the money, so that one's reported dropout rate could be lower than might otherwise be fair?
Jim Chanos of Enron-shorting fame is widely reported as having a short interest in Apollo Group, parent company of the ubiquitous University of Phoenix, and Citron Research has dug up some juicy particulars about the company here and here.
Having no use for education, higher or otherwise, I will simply sit this one out and observe. And maybe eat. And sleep. And stare.
2 hours ago
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