Internetworkers: http://www.ibiblio.org/internetworkers/

[internetworkers AT lists.ibiblio.org (Thomas Beckett)]

This might be a good story for the N&O to pick up.  <hint><hint>
TaB

> Some are even worse than you suspect. They are all about helping
> people get student loans to take the courses. The least honorable
> file the paperwork for the students, and receive the tuition
> money--all up front. Then, they seem to go out of business, leaving
> the student without the training or certification, but with an
> obligation to pay the loan.
>
> At least that is what I saw on one of the local evening news a while
> back.
>
> David
>
> On 2/5/03 3:26 PM, "Thomas C. Meggs" <tom AT plik.net> wrote:
>
>> Absolutely, and it makes me sick.
>>
>> Right when the job market is at its worst because the economy is
>> shit, you have an upsurge of desperate people who aren't that
>> intelligent who heard about this person or that person that they
>> know who made a lot of money in computers, so they want to do it
>> too. These places are loan sharks playing off people in need. They
>> aren't the only or the first, and they won't be the last.
>>
>> Overall, my rule is to never trust anyone with a big advertising
>> budget, they probably have something to hide or an inadequacy to
>> make up for. ;)
>>
>> Regards,
>> Tom
>>
>> Thomas Beckett wrote:
>>> Maria stated:
>>>
>>>> The worst part in my opinion, however, is  that many
>>>> of those companies finance the classes. So you end up with
>>>> people who can't really afford it owing several thousands of
>>>> dollars only to find  that employers are less impressed with a
>>>> certification than they are with  experience (and more
>>>> education).
>>>
>>>
>>> And /that's/ the racket.  The real business here is the loan
>>> financing.  The classes are simply a vehicle to create a
>>> receivable.  The schools have direct relationships with the
>>> lenders and simply serve as funnels for the creation of new debt.
>>>  The
>>> school gets cash from the lenders who originate the loan.  The
>>> lenders turn around and resell the loans to bigger institutions
>>> or Sallie Mae and pocket their cash.  The students who get
>>> (usually piss-poor) training have no recourse when they can't
>>> pass the
>>> certification exams or can't get a job later.
>>>
>>> It's not about training people for new careers.  It's about
>>> taking their money.  It's a scam.
>>>
>>> TaB
>>>
>>>
>>>
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>>
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