As many as 800 Minnesota nurses will receive thousands of dollars in refunds from an Indiana test prep company accused of bilking them as they sought to advance their careers.
The College Network Inc. marketed itself to licensed practical nurses by offering financing and a quick path to becoming registered nurses, Minnesota Attorney General Lori Swanson said Monday. But when money was due for the nurses' exam fees, the company either delayed payments by months or didn't pay at all.
"What they promised, they didn't deliver," Swanson said.
Many licensed practical nurses seek to become RNs, who typically earn higher pay and have more autonomy in patient care. But studying and testing for the degree can be a challenge for nurses who are already working and caring for families.
College Network's solution offered expediency and flexibility: For as much as $4,000 it said it would provide preparation booklets so nurses could enroll in an online school in New York, and that it would pay the fees for equivalency exams that would allow nurses to test out of many required courses.
In many cases, nurses couldn't afford the fees up front, so College Network arranged financing that came with annual interest rates of 12 to 15 percent, Swanson said.
Michelle Wacker, 41, of Sauk Rapids, agreed to a loan to cover the $12,000 in costs that she was told were needed to complete College Network's program and progress toward an RN degree.
A single mother of two who works in a cancer center, Wacker said she couldn't leave her job, so the College Network approach made sense.