How to rip off student loans

[kj]

rjmacs wrote:
kj,

I agree that lots of student loan money is borrowed foolishly, and the educations obtained aren't always of great quality. I'm not sure how best to approach that problem, and 'vet' the institutions that take the money. They have to be accredited in order to qualify for federal loans, but perhaps there should be other restrictions? Do you have ideas about how we could better ensure that borrowed money goes to better investments?

Edited to move the first part of my post to another thread.

I think both you and I could identify the scam institutions. I'll name 3 in my area: Carrington College, Stevens Henager, Brown-Mackie College. They are all "for profit". And they have really high default rates on loans used to attend them. I don't know how they should be regulated though. I think the consumer is going to have to make better decisions regarding the education they pursue. Their education, their responsibility. kj.