Meanwhile, those find their way into technical and career training after high school have a nasty surprise in store: crippling debt. Student debt, which, as President Obama pointed out in proposing a relief program last fall, has now surpassed credit card debt for the first time ever, has become a major burden for all kinds of Americans, but an especially heavy one for those who sought vocational training. That’s largely thanks to the rise of a corrupt $30 billion for-profit education industry that came into being to the vast sums of money that liberal legislators keep throwing at student loans, and which deploys high-pressure sales tactics to sell an often-shoddy product. Corruption is common (See this Facebook page if you don’t believe me). One former admissions counselor for a major for-profit vocational school wrote, “The pressure to sign people incapable of doing the work was overwhelming.” Graduation and job placement rates are terrible. Of the 2008 graduates of one typical school, the Art Institute of Dallas, which teaches design, fashion, media arts, and culinary programs, about a fifth defaulted on their student loans within three years – because they couldn’t find the jobs they’d been trained for. In 2010, the Obama administration began drawing up proposed new “gainful employment” regulations for the industry under which graduates would have to actually be getting value from their educations in order for programs to keep getting federal funds – a reasonable enough imposition, considering that these schools get 90 percent of their revenue from our tax dollars.

(Source: azspot)

mrsoufflerising:

Those of you who are privy to current events, you may have recently heard of a certain race to claim the Presidency of the United States of America. If you have been following this race, you may have also heard of a man called Mr. Santorum, and if you know of Mr. Santorum, you undoubtably know of…

(via mrsoufflerising-deactivated2012)