Originally Posted by 30Percent
Is this the work around where the CNCP students did a online MBA so they would qualify for federal loans?
Yup, that is correct. While ingenious, it technically violated the terms of the federal loan by using funds to pay for a non-regionally accredited school.
Granted, students use loan funds on questionable things all the time...the difference here is that an actual school promoted it and even went so far as to invite recruiters on campus from the other institution.
Wouldn't be surprised if the other school got investigated as well.