The final nails are being hammered into the coffin of Corinthian Colleges, once one of the largest for-profit education groups in the USA. The impact of this private higher education meltdown is far and wide. Many of its remaining 16,000 students are left out in the cold, most are shouldering huge personal / education debts with bleak future. Many of Corinthian’s problems that led to its downfall are related to inappropriate management of state-funded education loans to students and over promise of job prospects[…]
Punishing new borrowers for the “sins” committed by their predecessors is akin to punishing a child for the crime committed by his father….unfortunately that’s what PTPTN is doing to new student loan borrowers.
Malaysia has its own version of student loan crisis. This article gives an in-depth analysis of the crisis, identifies great gaps in data & compares Malaysia’s case with that of the USA.