FRONTLINE investigates allegations of fraud and predatory behavior in the troubled for-profit college industry and examines the 2015 collapse of the Corinthian Colleges chain. (Aired 2016)
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In “A Subprime Education,†correspondent Martin Smith explores how for-profit colleges have often been advertised as the best option for low-income students who can’t afford a more traditional four-year degree. Yet some of these colleges have been collecting money and leaving students in debt, without degrees, and unprepared to face the job market — despite aggressive recruitment pitches promising the contrary.
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FRONTLINE is produced at GBH in Boston and is broadcast nationwide on PBS. Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; the Heising-Simons Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
CHAPTERS:
The Rise of For-Profit Colleges – 00:00
Congress Starts Paying Attention – 9:38
Kamala Harris & the Corinthian Colleges Investigation – 15:15
Corinthian Colleges Files for Bankruptcy – 19:48
Tightening Regulations for For-Profit Colleges – 25:38
Credits – 28:03
Holy shit it's absurd how evil and predatory these schools are. They know who they're targeting, those in poverty thinking education will automatically make them upper middle class. You can see it in all these student's eyes, they seem a bit ignorant, especially the students that support their education. They want to believe in the bullshit, they feel obligated to after being financially invested. They make them worse off in the end, placing the context of their lives into a financial matrix of slavery they cannot see, feel or touch. Paying just enough to make the interest payments and continuing to have that loan at principal.
Join the army and go to local community college or trade school
This video is proof free college for all is a waste of money. Cause poor stupid people before college are still poor stupid people after college
kristens menses flow
mike gregs rains nestles nido
spider gates hailed doe
Coritnhian colleges are the best ivy league nd blakc snd claifornia at berkley and jdueo freemosnry and marxism communsit and masonic guildism not univeristy of nice and spaienza and the flat earthers make everything and invent all good things your nutjob shit is pbs delusions america is a comkunsit soace is dkae and anti science thats jot science all that shit is bnai brith liea and scottosh rite nasa is a jew freemason hindu protestent low intel sqtanic assult by fungl headed filth and shit like livermore femri andnparaon those fake labotories where nothing wa injovated groom lakenis where the natbsoc roman cthlic geniaues went to be milked nasa never went to the fucking moon
Funny that they never passed a gainful employment rule for regular universities
There is nothing inherently wrong with for profit schools. I have several diplomas from for profit schools and I'm now a prestigious, professional toilet cleaner. I make so much money, I live in a broken down camper. Only in America.
One thing that students need to know is that if your college or school closed before you had a chance to complete your degree, most loans will be forgiven.
Tom Sisson
Wyotech! OMG! I almost went to college there!
My buddy went to Everst and said that it was a decent place to pick up chicks. Lots of single moms barely making minimum wage who would do NASTY things with their bodies for $20 or a pack of Newports! He wasn't even paying for classes he just audited his classes so he could bag poor classless single moms
Those Everest commercials were insulting.
18:43 Aye cmon bro
Wow, best of the best journalism. Kudos to PBS team.
Seeing Kamala here makes me sad…she could have been our president ðŸ˜
My old roommate worked for Asher college back in 2010, etc. He told me some wild stories. Single moms with 4, 5 kids and BROKE as a joke being given 20, 30, 40k loans ON THE SPOT.
Also accepting students and taking their money PRIOR to confirming they even earned a high school diploma (which was a prerequisite)..and then not refunding any money once they figured out the student didnt have a hs diploma. They knew the student wouldnt have the money OR WHEREWITHAL to fight situation.
Other students were allowed to enroll in their VERY PRICEY h.s. diploma program first BEFORE getting into their so called "college.". So, they basically got you by the hooks before you even start post secondary.
He got bonuses for every student he signed up. About 200 per actual student. IT WAS RAISED TO 300 HUNDRED per student AFTER 10 STUDENTS in a month. There were some months he made $10,000 or more a month in total pay. And he was only 22.
He became a manager at a diff for profit college. By the time he was 26 he was making well over 200,000 a year. And tha was just his base pay. Extra pay incentives and OT put him over 300,000/yr.
We caught up in 2019 and he showed me his house and all his cars. He had over $2million in the bank too. I jokingly said no way, so he whipped out Fidelity account on his app and showed me.
I Pay No Shtt 🤣🤣🤣😎
We need more doctors
27:16 Unbelievable. No. No he will NOT be an architect. 😡 scam!
15:37 Okay Kamala Harris! ðŸ‘ðŸ‘ðŸ‘
I remember those Everest and ITT Tech commercials. Those people were DEFINITELY NOT qualified students. They barely made it through high school, how are they going to become an architect?!
At the start of the wars in Afghanistan and Iraq, the government paid for spouses to get education for getting a job. The for profits opened up in any empty building nesr bases. The education they received was not worth the paper it was printed on.
If I remember correctly when I was at SNHU my advisor was a fellow student of the school…
Victim mentality at its finest in the video and in the comments.
I went to Corinthian Colleges it was so bad. The college was taken over like 3 times and the hassle was crazy. To use the degree at any other college you have to retake over 50% of the same classes. Even Phoenix was horrible. South University tried to scam me. Just crazy. Now my college is accredited by the Higher Learning Commission (HLC), recognized by the U.S. Department of Education and the Council for Higher Education
Anybody here from Coro's class? 😃
Thank you, VP Harris for protecting struggling Americans from predatory companies.
Well well well, christians being greedy and sneaky and taking advantage of marginalized people, color me shocked.
Nobody forces anybody to go into debt . period.
15:25 " My name is Pamala Harris. And I approve this message " ^.^
🇮🇳 It' s too scary, I won't thought those kind of way manipulated, The took necessary steps against those kind of malpractice, don't ever play with Students life, they are not lab rats.
A step in the right direction a leap of faith trust in the fall
Crazy haircut 21:20
The student loan program needs to go away NOW!!!!!
No, it looks pretty ghetto.That alone would not want me to go.
Note to self: Don't go to a school built on top of a freeway.
Disgusted how wasteful the government is. They give this loan to a bum for a scam school but won’t give me a collateralized loan to develop homes because these idiots stressed the system. BS. Enjoys more expensive housing.
What a crock!
When I decided it wasn't worth it to go to college,
I'm so glad that I thought ahead,
before I fell behind a wall of the
"student loan debt"😂👌ðŸ¾