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The burden of college loan repayment falls entirely on students' backs, shielding corporations from the consequences of default. The colleges essentially receive all their revenues upfront, primarily through federal government loans and grants for tuition, regardless of whether students are able to gain employment and pay back their loans.

Huffington Post 10.14.2011

http://www.huffingtonpost.com/2011/10/14/goldman-sachs-for-profit-college_n_997409.html?page=1

 
 

 

 

 

 

 

     
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