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"BOSTON (Legal Newsline) -- Massachusetts Attorney General Martha Coakley is reportedly expanding her current investigation into for-profit colleges and trade schools.<br /><br />The Boston Globe reported Monday that Coakley -- who started looking into the issue nearly two years ago -- is now investigating whether a group of colleges and schools in her state misled prospective students about costs, the odds of graduating and finding employment.<br /><br />\"The more we look, the more we see it as a real problem,\" the attorney general told the <a href=\"http://bostonglobe.com/business/2013/02/04/attorney-general-martha-coakley-investigating-more-than-for-profit-schools-massachusetts/z5D69l25dv92EgDjJLwhHO/story.html\">Globe</a>.<br /><br />Coakley compared the issue to the jump in subprime mortgages during the housing boom, telling the newspaper that it has potential to be a \"predatory business.\"<br /><br />There are more than 100 for-profit schools in Massachusetts, and thousands nationwide.<br /><br />And Coakley isn't the only state attorney general concerned about the growing industry.<br /><br />Kentucky Attorney General Jack Conway, who also is heading up an investigation by a group of 30 attorneys general, just last month filed a consumer protection lawsuit against Spencerian College over allegations that it misrepresented job placement numbers.<br /><br />The for-profit college, owned by the Sullivan University System, has two campuses in the state -- one in Lexington and a second in Louisville.<br /><br />The suit is the fourth of its kind Conway has filed as part of his own ongoing investigation into the for-profit college industry.<br /><br />The third, and most recent, was filed in 2011 against National College of Kentucky Inc.<br /><br /><em>From Legal Newsline: Reach Jessica Karmasek by email at <a href=\"mailto:jessica@legalnewsline.com\">jessica@legalnewsline.com</a>.</em>"^^<http://www.w3.org/2001/XMLSchema#string>
<http://legalnewsline.com/stories/510514642-report-coakley-broadening-investigation-into-for-profit-colleges>