Under federal pressure because so many students are defaulting on loans, Kaplan University’s CEO has told Education Secretary Arne Duncan he’s willing to give students their money back if they’re not satisfied with introductory courses. University of Phoenix is piloting a free, three-week orientation so students can make sure they’re ready for college before they pay tuition and take out loans. So far, 80 percent of prospective students who take the orientation go on to enroll.
For-profit floats idea of money-back guarantee
September 15, 2010 by