- Associated Press - Friday, April 3, 2015

NEW YORK (AP) - New York City’s Department of Consumer Affairs is looking into four for-profit colleges over concerns about students’ dropout and loan-default rates.

The New York Times (https://nyti.ms/1MJXyIM ) says the agency in February issued subpoenas to Berkeley College, Mandl School, New York Career Institute and Technical Career Institutes.

The agency says the schools were chosen because of their high rate of student loan default and student complaints.

The subpoenas seek to determine if they violated the city’s consumer protection laws.

New York Career Institute said it was cooperating with the investigation. The Times says the other schools didn’t respond to requests for comment.

Commissioner Julie Menin says in recent years her agency has received hundreds of complaints about for-profit colleges.

She says the investigation may be expanded to include other schools.


Information from: The New York Times, https://www.nytimes.com

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