Monday, August 12, 2013

Is Georgetown Law Running A Ponzi Scheme?

How Georgetown Law gets Uncle Sam to pay its students’ bills:

"Upon first glance, it looks like what’s happening is that Georgetown is paying for part of the cost of law school and the federal government is forgiving the rest. But as Jason Delisle and Alex Holt at the New America Foundation discovered, Georgetown’s cleverer than that. The tuition paid by new students — tuition they’re often paying with federal loans — includes the cost of covering the previous students’ loan payments."

'via Blog this'

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