Durbin Seeks Probe Of Caribbean Schools With U.S. Loan Access
Career College Central summary:
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U.S. Senator Dick Durbin called for an examination of for-profit medical schools in the Caribbean that have access to federal student loans yet may be subject to standards below those set for medical students in the U.S.
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Two schools, American University of the Caribbean School of Medicine and Ross University School of Medicine, have accepted hundreds of students turned down by U.S. medical colleges. These students amass more debt than their U.S. counterparts and have a higher dropout rate, Durbin said in a letter today to Education Secretary Arne Duncan, citing a report by Bloomberg Markets.
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For-profit college companies have faced increased scrutiny from federal and state officials over their recruiting practices, graduation rates and high student debt levels. Students at AUC and Ross, owned by for-profit operator DeVry Inc., and St. George’s University School of Medicine, also based in the Caribbean, received about $450 million in U.S. student loans in the year ended June 2012.
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BUSINESSWEEK
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