In some cases, large schools violate these laws on a large scale, leading them to closing their doors or even pay hefty fines. (studentloans.net)
The announcement comes the day after an independent advisory group tasked with restoring consumer confidence in the industry released a report with 28 recommendations, including hefty fines for misconduct. (moneysense.ca)
Depending on the offense, penalties can include maximum sentences ranging from 6 months to decades in prison, along with hefty fines. (southfloridacriminalattorney-blog.com)