The purpose of this disclosure is to explain how we make money without charging you for our content.
Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.
Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.
Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.
Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.
To find out more about our editorial process and how we make money, click here.
The federal government is forgiving the debt of students who attended now-defunct Corinthian Colleges. Corinthian Colleges enrolled more than 70,000 students at more than 100 locations at one point, and it is just one example of declining for-profit colleges. Corinthian was fined $30 million for exaggerating job placement rates, which some called a form of fraud. The government could be swallowing more than $3.5 billion in debt in this deal. The University of Phoenix’s enrollment has dropped by more than 50% since 2010.