Walden University Grads Default on Their Federal Loans at Very Low Rates. But That’s not Why They’re Under Investigation.
They’re a for-profit based in Minnesota, but weren’t on the list of SARA-authorized institutions in that state. It looked like the Minnesota Office of Higher Education (MOHE) had stripped them of their license and they had gained authorization in another state. Under SARA, this would allow them to educate distance learners in every state in the U.S. besides California. And if these guys were carrying out dubious practices, that would definitely be cause for concern.
The fact is that it’s very hard to tell.
