John Oliver Calls Bullshit on Debt-Fueled For-Profit Colleges
The student loan crisis in the U.S. would be bad enough without for-profit colleges whose entire business model relies on convincing the people most desperate for an education to sign up for lifelong debt. John Oliver picked apart some of their most horrendous practices on Sunday's Last Week Tonight.
It's hard to decide what's worse: bullying prospective students using their "pain points," sending nursing students to a Scientology museum to learn about psychiatry, or scamming veterans out of their G.I. Bill benefits.
Oh, no, I know: It's the part where their lobbying organization spends 10s of millions—no doubt paid for by students' misery—to resist regulations that would make it harder for them to qualify for that sweet federal student loan cash.
