Oct 22 2007
Class Action
News of the failure of New College to report degrees to the National Student Clearinghouse raises the concern that should the school close, potential employers and institutions interested in verifying diplomas would have nowhere to turn. The fact that the present probation under the U.S. Department of Education forced the school to place $3 million in escrow at the same time that enrollment has dropped by more than half, explains why paychecks were not issued last week, and why student loans are a month overdue, but it is no excuse for the school to show such disregard for its alumni/ae. A class-action suit may never materialize, but the school is certainly vulnerable for this ongoing misfeasance. Perhaps another front page story would help.