A lawsuit has been delayed numerous times, including two rounds of settlement talks. It has dragged on for eight years.
Corinthian Colleges was one of the world’s largest for-profit college chains – and one of the biggest moneymakers. But even in a boom-and-bust business, its closure and bankruptcy in 2015 was a remarkable collapse.
Texas state law guarantees many students a chance to go to one of the state’s flagship universities if their grades place them near the top of their class. But few top students from poor, mostly minority high schools actually attend.
Just about everyone involved in the student loan industry these days – banks, private investors and even the federal government – makes money off the borrowers. On this episode of Reveal, we explore how this happened and who’s profiting from student debt.
A generation ago, Congress privatized a student loan program intended to give more Americans access to higher education. In its place, lawmakers created another profit center for Wall Street and a system of college finance that has fed the nation’s cycle of inequality.
Every student’s struggle with student loans tells a different story. Here’s a look at how nine people are coping with their debt.
Once a family-owned firm, NCO Financial Systems moved into the student loan collection business in 1996 and began buying up other debt collectors – before the Federal Trade Commission cracked down.
A Virginia juvenile court has dropped charges against Kayleb Moon-Robinson, a sixth-grader with autism whose rough arrest on felony charges was the focus of a Center for Public Integrity investigation into questionable school policing.