In case you hadn’t heard, Wal-Mart’s getting into the higher education business. It’s partnering with the for-profit American Public University to offer college courses to employees at a discount. With the typical wage at Wal-Mart starting around $10/hour, employees who take advantage of the program will also likely take out loans to afford the schooling. Knowing that student loan default rates are much higher at for-profits, I wonder if the Big Box chain is taking steps to avert the inevitable?
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