More debts than diplomas from for-profit colleges
"Subprime Opportunity: The Unfulfilled Promise of For-Profit Colleges and Universities" argues that while for-profit schools thrive, their students are more likely to drop out and be saddled with more debt than at public schools or private nonprofit colleges and universities. The report looks at a wide range of college data plucked from existing studies. It comes as the U.S. Department of Education is scrutinizing for-profit colleges, which enroll 20 percent of the nation’s black students and 24 percent of federal Pell Grant recipients. In 2008, for-profits took in $20 billion from students’ federal loans. The report questions whether those taxpayer dollars are well spent, and whether for-profits are taking advantage of low-income people.
Read full article [here].
by Nanette Asimov, The San Francisco Chronicle.