Degrees In Debt
from the watch-out-who-you-give-your-money-to dept
I always see TV commercials for local IT training courses, and sometimes I wonder about the schools that offer them. The people who take the classes, however, are clearly trying to better their lives, and are often taking out substantial loans in order to attend these programs in hopes of finding better jobs. So, what happens when one of the schools many were attending suddenly shuts down without any warning? A bunch of people who invested their life savings to take the class or who took out large loans to pay for the classes may be out of luck. They don’t get their certifications, and they don’t seem to be getting any sort of refund. People are scrambling to figure out what their options are. It sounds like some of the financial firms that made the loans are looking to help the students finish their coursework elsewhere, but one points out that it was the students’ responsibility to pick a reliable school.