The Magazine of Corporate Responsibility

Tag Archive for ‘College Board’

Bogus ‘Obama Mom’ Grants Lure Students

Consumer advocates say they are alarmed by parallels between the subprime mortgage industry and for-profit schools, which also have come under fire for targeting low-income groups and signing up students for loans that can leave them buried in debt. Some schools earn nearly 90 percent of their revenue from federal student aid programs. Single moms, the critics say, are especially vulnerable.