FTP’s “$60M Shortfall” Actually Much Larger

[sprocketdog]

It is a practice that I have seen in other businesses, I know that it is happening as I type, in the For

Profit Colleges and Universities, ie, Kaplan, ITT,Rassmussen, As the laws change involving the

Student loan programs, these schools have had a serious problem, finding

Private financial institutions to Loan students funds, The schools have created what they call

"TEMP CREDIT", the student signs all the same paperwork, but the school themselves

hold Loan, In hopes that Private Loan funding becomes available, If it does school files loan, it it cant

they have to eat it. All those types of schools face the

exact consequences of losing loans they cant collect If private lending is eliminated by upcoming

legislation.

Just a head up for any students of these schools here