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A series of for-profit colleges have shut down in recent years amid accusations of fraud, mismanagement, and misleading students into taking on student debt they can’t pay off. A top Democrat wants to make these schools’ executives pay.
On Monday, House Education and Labor Committee Chair Bobby Scott wrote a letter to Education Secretary Miguel Cardona, urging him to hold owners, board members, and executives of now-defunct for-profit schools “individually responsible” for money the schools owe to the federal government.
“Given the substantial burden that is currently being borne by students and taxpayers when for-profit details ⇒
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