Found this article regarding a for-profit school that apparently fleeced students out of federal loan money and taught them little to nothing in return. After seeing some of the commercials for various for-profit schools, I wonder if maybe there should be investigations into some of them.
For-profit college settles class-action lawsuit
Mary Beth Marklein, USATODAY
A for-profit college in Richmond, Va., has agreed to pay $5 million in a class-action settlement filed by eight former students who said the training they received was a sham.
The agreement, approved late Thursday in the U.S. District Court for the Eastern District of Virginia, settles claims that Chester Career College, formerly known as Richmond School of Health and Technology, targeted minorities for enrollment and did not provide them an adequate education. The complaint, filed in 2011, also estimated that the college has received approximately $5 million a year in federal student loan programs.
"In other words, the federal government funded (the school's) scheme," says John Relman, of Relman, Dane & Colfax, a Washington, DC, law firm that represented the plaintiffs. Relman says more than 4,000 former students may be eligible to receive funds from the settlement.
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Found this article regarding a for-profit school that apparently fleeced students out of federal loan money and taught them little to nothing in return. After seeing some of the commercials for various for-profit schools, I wonder if maybe there should be investigations into some of them.
For-profit college settles class-action lawsuit
Mary Beth Marklein, USATODAY
A for-profit college in Richmond, Va., has agreed to pay $5 million in a class-action settlement filed by eight former students who said the training they received was a sham.
The agreement, approved late Thursday in the U.S. District Court for the Eastern District of Virginia, settles claims that Chester Career College, formerly known as Richmond School of Health and Technology, targeted minorities for enrollment and did not provide them an adequate education. The complaint, filed in 2011, also estimated that the college has received approximately $5 million a year in federal student loan programs.
"In other words, the federal government funded (the school's) scheme," says John Relman, of Relman, Dane & Colfax, a Washington, DC, law firm that represented the plaintiffs. Relman says more than 4,000 former students may be eligible to receive funds from the settlement.