School Closings Delete Students' Dreams; Some Places Shut Down with Little, If Any, Notice

Summary


BOSTON - Hundreds of computer training schools that sprouted during the dot-com boom have shut down, leaving frustrated students with big debts and little education.

State regulatory oversight of the business is far too lax, while loans to attend such schools have been too easy to obtain - a recipe for disaster, consumer advocates say.

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School Closings Delete Students' Dreams; Some Places Shut Down with Little, If Any, Notice

"Did I get my money's worth? Absolutely not," said Christian Rinaldi, 33, of Lowell, Mass.

Three years after obtaining a $6,000 loan to attend the Greater Lowell Computer Center for certification as a Web designer, Rinaldi is w...

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