u/ericswc wrote (the comment Michael replied to):
That was actually the nail in the coffin for a lot of camps. They’d get loans for the students, sell them off to services for 80 cents on the dollar for cash flow. Once the placement rates started dropping, the loan companies started pulling back or demanding more of a discount
u/michaelnovati replied ·
"Nail in the coffin" is a term used like 5 times for 5 different reasons.
The coffin is SECURELY CLOSED at this point.