Guess which Arizona based for-profit college is wasting tax payer dollars?

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Which for-profit college in Arizona is breaking the new regulation

See which for-profit colleges pass the 90/10 rule, and which one does not.

Despite the current investigation, University of Phoenix actually does ok on the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

American Institute of Trucking did alright on the rule, created to keep for-profit colleges from being funded primarily by tax payers.

All Beauty College is getting closer to it, but still isn’t in too great of danger of created the 90/10 rule, designed to keep for-profit colleges from being funded primarily by tax payers.

Brookline College is extremely close to breaking the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

Arizona College is cutting it pretty close, seems to be in danger of breaking the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

Arizona Summit Law School is getting closer to it, but still isn’t in too great of danger of created the 90/10 rule, designed to keep for-profit colleges from being funded primarily by tax payers.

Arizona Automotive Institute is getting closer to it, but still isn’t in too great of danger of created the 90/10 rule, designed to keep for-profit colleges from being funded primarily by tax payers.

Avalon School of Cosmetology is getting closer to it, but still isn’t in too great of danger of created the 90/10 rule, designed to keep for-profit colleges from being funded primarily by tax payers.

Brookline College is extremely close to breaking the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

The Bryman School of Arizona is cutting it very close, and is in danger of breaking the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

Carrington College fared decently well below the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

Charles of Italy Beauty College is getting closer to it, but still isn’t in too great of danger of created the 90/10 rule, designed to keep for-profit colleges from being funded primarily by tax payers.

Grand Canyon University is furthest from breaking the 90/10 rule, which was created to keep for-profit colleges from being funded primarily by tax payers.

Kaplan College is cutting it pretty close, seems to be in danger of breaking the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

Le Cordon Bleu stays decently below the mark of the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

The Studio Academy of Beauty isn’t in too great of danger of breaking the 90/10 rule, created to keep for-profit colleges from being funded primarily by tax payers.

Anthem College is the only for-profit college in Arizona to break the 90/10 Rule, created to keep for-profit colleges from being funded primarily by tax payers.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Which colleges are close to exceeding the new 90/10 rule?

Amidst widespread allegations against for-profit colleges preying on unsuspecting students, the federal government has been more meticulous about putting rules in place to protect students and taxpayers who end up bearing the expense.

The 90/10 Rule, for example, requires for-profit colleges to get no more than 90 percent of their earnings from the Title IV federal student aid. It was created to protect students and taxpayers from funding for-profit colleges with tax dollars. It is modeled after the U.S Department of Veterans Affairs’ well established 85-15 Rule, which prohibits more than 85 percent of a program’s students from receiving VA funding.

We took a look at for-profit colleges and universities in Arizona that were breaking the 90/10 rule, or dangerously close to breaking it. While there were a few that were close to surpassing the 90/10 split, only one college in Arizona actually broke it.

If a school exceeds the 90/10 Rule, it loses eligibility for federal finance and is required to provide students with options to continue their unfinished studies at another school. Of course, the 90/10 rule is only one way to measure a for-profit college. Student loan default rates are another assessment, giving an indication of which schools have a higher percentage of
students who don’t pay back their student loans.

Sometimes students don’t pay back their loans because they have dropped out of school before obtaining their degree and cannot afford to pay back thousands of dollars. Even if they do graduate, some students default on their loans because they either haven’t found a job yet or aren’t making enough money to pay back their loans. Luckily, students from these schools have options, regardless of whether or not the school passes the 90/10 rule.

Student Loan Forgiveness

With all the investigations and closures in the last few years of for-profit colleges, you are probably noticing a trend in the industry. First it was Corinthian College, operator of Everest, Heald, and WyoTech, then it was Sanford-Brown and now the for-profit giant University of Phoenix. If we had to guess, Anthem College will be under investigation soon enough being that they were the only school in Arizona to fail the 90/10 rule, although others came mighty close.

You have options however, and you do not need to wait for your former school to close. Student loan debt has reached an all-time high, and according to the Consumer Financial Protection Bureau, the total amounts to around $1.2 trillion. Goodbye Loans can help determine if you qualify for the student loan forgiveness.

Goodbye Loans matches thousands of graduates with federal programs that are offered by The Department of Education to consolidate and lower their current Federal student loans. We help you take advantage of the latest regulations put in place by Congress and President Obama and potentially save thousands of dollars. Debt is hard to ignore. When you’re staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy.

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