The Business Insider – Hedge funds have been circling for new carrion to devour in the next economic slowdown and have found a big fat target in the for-profit educational sector. The industry is ripe for the taking. For two decades, for-profit schools have lured gullible students with inflated promises of impressive sounding degrees which they pay exorbitant tuition to obtain. In education’s version of the subprime crisis, creative financial aid departments obtain government loans to finance the entire program.
The Next Big Industry That Hedge Funds Shorts Are Set To Take Down
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