This is very encouraging news. Expect a long drawn out lobbying fight from the Caribbean scammers. It's only a matter of time before the corrupt law school TTT's find themselves in the regulatory crosshairs. The fat cat administrators are padding their pensions and plotting their exit strategies as we speak.
"The federal government, through the Federal Family Education Loan program administered by the Education Department, loaned U.S. students enrolled at foreign free-standing medical schools $1.5 billion between 1998 and 2008, according to the report.
Although that amount represents less than 1 percent of all federal student loans made during the same period, borrowing has grown by more than 300 percent because of increases in tuition, student enrollments and the availability of other loan funds.
Foreign medical schools that participate in the loan program have to meet certain statutory requirements. One requirement has been that 60 percent of their students who take the USMLE must pass the test. Beginning last month, however, Congress increased that must-pass percentage to 75 percent of students.
According to the report, the Education Department has not been able to fully enforce the institutional pass rate requirement on foreign medical schools. One reason is that private organizations that administer each step of the exam have refused to release student scores on grounds that the information is proprietary.
Stall, stall, stall..... Obfuscate, obfuscate, obfuscate........ Pad those pensions.