I taught high school for a few years, and became aware that unis were scamming students by way of the Preferred Lender program. The schools received kickbacks for directing students to lenders with the worst loan terms. No one went to prison, and not one school lost accreditation.
Unis also targeted poorer kids because they needed the most loans. That was especially true of out of state public unis. They spent a lot of money poaching kids from other states because they could charge over two times greater tuition than in state students. Had nothing to do with improving academic achievement, it was just about the more student debt.
If it all falls apart, it's none too soon to end this university scam..,
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