Career Education Shares Plunge, as CEO Resigns; Bellwether for Education Stocks? - Forbes: "Career Education Corp. and other for-profit colleges like it have been under the microscope lately, with the usual litany of for-profit education allegations: aggressive recruiting techniques, poor job placement rates, and overwhelming student debt.. "
Norton's comment: This is how student loans get ballooned and student abilities to repay go down. Remember the national amount of outstanding student loans is MORE than the total of personal credit card debt! So, these student loan financial co.s and banks....yes our favorite banks are promoting loans which are beyond the clients ability to repay.
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