The following editorial came last week from a US soldier
stationed on the ground in Iraq. While the following is admittedly
not aviation-related, the questions posed by the author -- and the
message he has for all of us -- should certainly be reflected upon
on this solemn day.
Everything you ever wanted to know about Braniff, squared. We've
seen a lot of websites, so believe us when we tell you that this is
one is one of the more thorough that we've seen.
"What Silver State was doing was taking the $70,000 up
front and then it was using it immediately. They were going out and
recruiting more students at $70,000 per student and paying expenses
as they went along with what they were collecting from the
students."
Source: Florida Senator Bill Nelson, who is now
involved and is pressuring the Federal Trade Commission to
investigate the bankruptcy, and subsequent February 3 closing of
the 33 location school. The closure left about 200 students in his
state with loans up to $70,000 with nothing to show for it and
accruing enormous amounts interest.
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