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.
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.
The Pentagon has taken the University of Phoenix off probation, three months after suspending the for-profit school from its military financial aid program and from recruiting on military bases.
How misbehavior that used to result in a trip to the principal’s office is now leading to arrests, interrogations and criminal charges.