On the recordApril 27, 2017
we know what open season means when it comes to these students. Gilbert Caro of Chicago can tell us. He was profiled in the Chicago Tribune article that I mentioned. Gilbert received his master of business administration degree from DeVry University. It is possibly the second largest for-profit college in the United States. He took on nearly $100,000 in debt for his master of business administration degree. He believed that debt was worth it because it was going to unlock the door to a high-paying job and financial security. Do you have any idea what Gilbert Caro is doing now with his DeVry master of business administration degree? He is a prison guard in Joliet, IL. While Gilbert has a good job, he certainly didn't need $100,000 in debt to be a prison guard. It is far from what he was promised by DeVry when he signed up. Gilbert, like so many other students who go to for- profit colleges, was lured in by an amazing marketing campaign, flashy advertisements and empty promises. In 2016, DeVry University, a for-profit school, agreed to a $100 million settlement with the Federal Trade Commission for misleading ``prospective students with ads that touted high employment success rates and income levels upon graduation.'' DeVry is not alone. For-profit college giants like Corinthian and ITT Tech collapsed after they were caught engaging in similar deceptive, disgusting practices.…





