Monday, November 1, 2010
Students who enrolled at MedVance Institute in hopes of getting jobs in the health care field are suing, claiming damages for "breach of contract, fraudulent misrepresentation, unfair and deceptive trade practices and more." Students claim that they were encouraged to take on Federal student loan debt based on claims that MedVance would prepare them for exciting careers in health care, but wound up getting an education worth much less than they paid.
Most of these claims are currently targeted at for-profit schools, but if the new depression keeps up much longer, I suspect we'll see a lot more of them aimed against state-owned and nonprofit schools. That's where the big money is.