Detailed text transcripts for TV channel - MSNBC - 20111220:

Detailed text transcripts for TV channel - MSNBC - 20111220:21:46:00

controversial for-profit colleges, they keep the profits, are getting a reprieve after a nearly $12 million lobbying effort, or fund-raising effort to buy off some politicians, is really what we should call it, that $12 million to buy off some politicians got them new rules that -- or got them to strip new rules of these schools for federal funding for failing to graduate students. to so basically, it used to be, if the student graduates and gets a good job, then -- we should like to see, the student graduates and gets a good job, we'll give you a positive tax treatment. giving you tax subsidies as a for-profit college for you to then put our people, our students in debt so that you can graduate them with no job, whether you're a for-profit college or a non-profit college is full-on fruit loops. like crazy town. joining us now, matt siegel, co-founder of our time, an organization standing up for the interests of young americans.

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