This is truly a sweet deal for execs who run for-profit colleges and universities. Given the high pressure of new federal regulations that have cut into the profit margin, about 60 exec needed a break in Tahoe, hitting the spas and cocktail lounges for some serious networking and R & R. They are understandably stressed over new fed regulations that have resulted in closer scrutiny regarding student debt and no job prospects as they graduate. The for-profits garner over $30 billion/year in the form of student loans and grants from the fed. The payback?
Disproportionate loan defaults and low job placements. Solution... bottoms up and hit the hot tubs heavy in Tahoe.
STORY: For-Profit College Chiefs Unwind At Lavish Tahoe Resort