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.
Grenada called on creditors to restructure $193 million of bonds ahead of a coupon payment this week that the Caribbean island’s government said it can’t afford to make, eight years after its last debt swap.
Three bond restructurings totaling about $9.7 billion in the Caribbean this year are failing to ignite economic growth and may not help the region avoid more defaults, according to Moody’s Investors Service.
U.S. tax dollars are financing for- profit medical schools in the Caribbean that are not accredited in the U.S., Janet Lorin reports in the October issue of Bloomberg Markets magazine, putting taxpayers, students and patients at risk. The U.S. may face a doctor shortage, but this isn’t the way to fix it.
British government files from 1983, opened to the public for the first time today, include an official’s view of the message Queen Elizabeth II would have broadcast to the nation in the event of World War III.