Remington converted to a non-profit school in 2011, but the GAO’s report suggests that this move may have served, at least in part, to skirt the regulations placed on for-profit schools.
Remington had higher retention rates than other for-profit schools, but its student loan default rates were high.
Rasmussen has some of the worst student retention rates of any company examined by the GAO. At the same time that 63 percent of students are leaving without completing a degree, taxpayers are investing approximately $185 million a year in the company.
You enrolled at a university with the best hopes and intentions, looking to improve your life and the lives of loved ones who depend on you.
Now it’s a few years later and the shiny, optimistic dreams of a better future have come CRASHING down to reality.
You have outstanding student loans.
The loan collectors are calling. Maybe your parents even co-signed for you, and now the loan companies are harassing them for money they don’t have, just as they plan to retire.
It’s hard for you to get a car, or a home…maybe you have children that you worry you can’t support while holding your burden of debt.
BOTTOMLINE….You have a student loan that is extremely hard to keep up with payments on, and not much hope for making enough money to pay it. You’re probably feeling pretty RIPPED OFF, and it’s not an easy time for you.
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Disclaimer: Student Loan Help ME is not affiliated with any Federal, State, or Local Government agencies. Student Loan Help ME assists student borrowers in obtaining Federal loan forgiveness and (or) consolidation programs by preparing, pre-qualifying & submitting required documentation on the student’s behalf. Borrowers that have student loan debt are in their legal right to consult an attorney or process their own Federal loan services documentation on their behalf.