For-profit colleges might be leading you down a path to major debt.
In an article for the Los Angeles Times, The Threat of a New Bubble from For-Profit Colleges, written by Senator Tom Harkin, D-Iowa and chairman of the Senate committee on Health, Education, Labor and pensions, paints a gloomy picture for prospective students. He zeros in on for-profit colleges, the ones that promise to graduate you into a well-paying job, once you have their certificate in hand. They also take your money and run, leaving you in major debt and without a job. How can they do this?