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These are the schools driving Americas student loan crisis

Some for-profit schools even peddle in-house private loans that have run afoul of the government for the predatory terms

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In , network technicians opened a special connection between computers at the federal departments of Education and Treasury. On nights and weekends throughout the month, that connection delivered to Treasury some 46 million pieces of information about student borrowers in the United States, including their financial situations when they started and left college, their incomes after school and whether or not they kept up with their loans.

After taking pains to protect the privacy of individual students, Treasury’s deputy assistant secretary for tax analysis, Adam Looney, and a Stanford University economics graduate student named Constantine Yannelis began sifting the loan data for patterns. (más…)