
- Politicians rain our money on ripoff schools
BY LINDA STAMATO
We have been using public money to prop up private, for-profit colleges, while their students acquire crushing debt and questionable credentials. And, more than half of the students default on their loans. So, why, why are we doing this? Our Congress, the one that doesn’t want to spend money (well, on certain things anyway), has no hesitation in letting the dollars flow to these outfits. After all, Congress does care a lot about creating wealth for shareholders of corporations, and these “education corporations” receive 80 percent of their revenues from us, yes, the nation’s taxpayers.