For-profit career colleges boost lending
For profit colleges and vocational schools are expanding direct lending to cash strapped students as bank lending tightens. ITT, Corinthian, and Career Education Corp lead a boom that may raise enrollment and tuition revenue yet leave many borrowers unable to repay. Experts warn about high interest, hidden terms, and possible credit damage. Westwood College faces a class action over its Apex lending program amid broader concerns about student loan practices in the sector. Enrollment at ITT is up about one third year over year, with profits forecast up sharply.
MENTIONED IN THIS ARTICLE
ITT, Corinthian Colleges
Career Education Corp
U.S
Sallie Mae Corp
Deanne Loonin
National Consumer Law Center
Tim Ranzetta
Mark Kantrowitz
Finaid.org
Westwood College
Westwood
Jessica Rosales
Inland Empire
Los Angeles
Rosales
Apex
Bill Ojile
Nun helpers aid capture of robbery suspect in Missouri
In Independence Missouri two nuns chased and helped police nab a gun wielding man suspected of a robbery near a convent. The effort highlights quick action by residents and law enforcement in the community.
MENTIONED IN THIS ARTICLE
Independence
Nun Ventures Out After Suspicious Man Near Convent
At about 7 a.m. Thursday a nun at the Sisters of St. Francis of the Holy Eucharist convent spotted a man in a soybean field carrying a shotgun and boxing gloves. The man fled into the woods when approached. a second nun pursued in flip-flops, and police later arrested the suspect based on the nun’s description.
MENTIONED IN THIS ARTICLE
Sisters of St. Francis of the Holy Eucharist
Panel casts dim light on 2020 return to moon
The Review of U.S. Human Space Flight Plans Committee concludes NASA faces no path to sending humans beyond the ISS for 20 years given current funding. It notes Constellation overspends by 50 billion through 2020 and explores cheaper, commercial options and deep space instead of a lunar landing.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
NASA
U.S
International Space Station
White House
America
Charlie Bolden
Constellation
Obama
Ares I
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Seaburyacademy.org
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