For-Profit Caribbean Medical Schools Use Federal Funds Loophole
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For-profit Caribbean medical schools that don’t have access to U.S. federal loans are finding a way around the rules: Encouraging some students to enroll simultaneously in online master’s programs at U.S. universities.
At least nine of about three dozen island medical schools ally with U.S. colleges, making available a financial-aid loophole that lets online students receive loans for living expenses. Some medical students are using funds from their Web-based programs to support themselves in the Caribbean.