U.S. to fine for-profit colleges for false promises about graduates’ prospects

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WASHINGTON (Reuters) – Some 70 U.S. for-profit colleges, including some of the largest, were sent notices that the Federal Trade Commission could impose “significant financial penalties” if the schools deceive students about how successful their graduates were, the agency said on Wednesday. The FTC commissioners, who often split along party lines, voted 5-0 to use a dormant penalty authority against any school that, for example, overstated how likely it was that graduates would get jobs and how much they could hope to earn. The notices were sent to schools https://www.ftc.gov/system/files/atta…

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