For-profit provider reaches a $7 million settlement with the Iowa AG

Ashford University Field (Photo credit: Wikipedia)

http://chronicle.com/article/BridgepointAshford-U/146675/?cid=pm&utm_source=pm&utm_medium=en

Just another cost of doing (monkey) business?
I fear that is often the case in the for-profit education arena.  The formula is usually simple:

1.  Entice the "customers" to enroll.

2.  Help them get federal loans.

3.  Let them flunk out and default.

4.  Pocket the tuition.

Here's the full settlement agreement:
http://www.state.ia.us/government/ag/latest_news/releases/may_2014/Ashford_AVC.pdf