Enrollments Plunge at Many For-Profit Colleges
New-student enrollment declined an average of 14.1 percent this quarter at 10 of the biggest for-profit educators, according to company financial disclosures and analysts’ reports. The slide has come as some of those institutions curbed their aggressive recruiting practices amid growing pressure from federal and state lawmakers. Total enrollments are also dropping as students and families weigh the value of for-profit degrees. A surge in lawsuits against companies in the sector has created negative publicity that has made consumers wary. For-profits have been criticized for not adequately preparing students for jobs that will allow them to repay their loans at a time when the affordability of college is being questioned more generally.
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by Rachel Wiseman, The Chronicle of Higher Education.
