The Boston Globe reports that two Massachusetts officials are taking steps to provide closer scrutiny of for-profit colleges, where students often find themselves taking on heavy student loan debts for subpar programs with limited job prospects and credit transfer opportunities.
According to the report, U.S. Senator Elizabeth Warren (D-Mass.) has introduced a "bill she said will protect student borrowers by requiring colleges to assume some of the risk of student loan default."
Meanwhile, the state's attorney general, Martha Coakley, " is proposing new state regulations prohibiting for-profit and occupational schools from using misleading advertising and unfair lending practices."
If you have a concern about a for-profit school, contact the attorneys at The Googasian Firm, 1-877-540-8333.