AG’s office confirms investigation of for-profit colleges
May 30, 2012
"Ratcheting up the pressure on for-profit education firms, Attorney General Martha Coakley today confirmed that her office is investigating deceptive loan and recruitment practices at some for-profit colleges and certificate programs where students often graduate with overly burdensome debt, or fail to graduate at all.
Coakley joined Boston City Council members to raise serious concerns about for-profit colleges targeting low-income residents and veterans with false promises of job placements, often leaving students saddled with unaffordable debt and without a job to afford the payments.
In addition to pursuing "legal avenues" stemming from consumer complaints to her office, the attorney general said she also wanted to get information to consumers to be aware "high pressure sales tactics," guarantees of jobs after graduation, and encouragement from recruiters to lie on financial aid applications."...