Summary
The U.S. Department of Education fined Baker College $2.5 million for “substantial misrepresentation” of career outcomes, following a joint investigation by ProPublica and the Detroit Free Press.
The college inflated job placement rates and earnings, misleading students into heavy debts.
Critics, including former students, called the penalty insufficient, as no restitution was provided.
Enrollment at Baker has drastically declined, and over 500 borrower defense complaints were filed against it since 2021.
Baker denied wrongdoing but agreed to federal oversight of its marketing for three years.
2.5 million dollars? That’s it?
I can’t imagine this being even closr to the amount of money they made off this deceiving. Again, of I do something similar, I would go to jail for fraud. Company does it, they have to pay a tax over the money they earned from the scam.
START JAILING THOSE YHAT SIGNED OFF ON FRAUD AND OR PARTICIPATED IN IT
More money in the Fed’s pocket and the students are screwed. US Government at its finest. Just like they bailed out the S&L industry, the banking industry, the housing industry, and a laundry list of other industries, ALL at the expense of the American people.
The US Government is corporate-owned lock, stock, and barrel. There might be one or two decent people IF you looked across two of the three branches (we know the “Supreme Court” is corrupt through and through so cannot be included), but most every politician is corporate owned.
Why isn’t the penalty that they have to pay back all of those student loans for the people they screwed? Why just 2 million that only the government gets? Who does that help?
