The Magazine of Corporate Responsibility

Tag Archive for ‘Pell Grants’

GAO Report Finds For-Profit Colleges Encouraged Fraud

A report released by the Government Accountability Office further highlights some of the questionable recruiting tactics of several for-profit colleges across the country.

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.