Ed. Dept. says college chain took advantage of students, cuts off student loan access
A private, for-profit college chain with a dozen campuses across Florida and Texas will lose access to federal student aid. The move comes after an investigation by the U.S. Department of Education's office of Federal Student Aid (FSA) found the chain, Florida Career College, violated federal rules and failed to meet basic standards required to access federal loans and grants.
"Federal Student Aid is holding Florida Career College (FCC) accountable for taking advantage of some of the most vulnerable students," FSA Chief Operating Officer Richard Cordray said in a statement.
Unless a court intervenes, the move leaves FCC,, 97% of students at FCC's Tampa campus, for example, received federal loans; 97% also received a federal Pell grant for being low-income.
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