Below is an extract of a post published on Guardian titled "'Phenomenally saddening': inside the sordid world of America's for-profit colleges"
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Via: Guardian
The new documentary Fail State, executive produced by Dan Rather, tells the 50-year tale of profit-driven colleges scamming society’s most vulnerable In 2014, film-maker Alex Shebanow read about Corinthian Colleges, one of America’s largest for-profit college companies, while working on a documentary about student loan debt. Relying heavily on federal student loans, from which it took $1.4bn in yearly revenue, Corinthian was on the brink of collapse after the department of education halted the company’s flow of federal funding due to evidence of rampant fraud in its reporting of grades and job placements. Related: Shirkers: a movie mystery 25 years in the making Fail State is now out in the US with a Starz premiere date on 17 December and a UK release date yet to be announced Continue reading…
