The Associated Press

Mass. AG Expands Probe Into For-Profit Schools

BOSTON — Massachusetts Attorney General Martha Coakley has broadened her investigation into recruiting and lending practices at for-profit colleges and trade schools.

Coakley, who began examining a handful of schools two years ago, says she’s now looking into whether more than a dozen institutions in Massachusetts misled prospective students about costs, the odds of graduating, or the likelihood they would find employment in their field of study.

Critics of the schools say they leave students with deep debt, and often do not lead to decent-paying jobs.

The Boston Globe reports that Coakley compares the problem to the subprime mortgage crisis, when some lenders encouraged home buyers to take out loans they could not afford.

There are 136 for-profit schools in Massachusetts. A schools trade group defends their record.

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  • http://www.facebook.com/MikeHeXt Mike DiGiacomo

    I reported the New England Institute of Art, Gibbs College, and SallieMae to the Attorney General of MA after I was defrauded way back in 06/07. These scamsters need to be shut down and all students need to be refunded the loan/grant balances plus interest. These scamsters are just using us as a funnel to get the government money. I now have over 95,000 worth of student debt, most of it fraud private loans and nothing to show for it except an INCORRECT associate degree.

  • Sam the man

    The AG needs to investigate not just the schools but the national accrediting bodies themselves. ACCSC is definitely in a lot of trouble and from what I understand, has lost 60 schools alone in 2012. That is almost 10 percent of their membership in one year! Wow, what a sham.

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