Enrollment at for-profit colleges has grown by 225 percent over the past 10 years, with most students borrowing to pay for their education. While for-profits enroll fewer than 10 percent of American college students, they accounted for 23 percent of Pell Grants and federal student loans in 2008, and for 44 percent of defaults among borrowers who entered repayment in 2007… She praised the Education Department’s proposed new rules on for-profits, which would tighten the ban on incentive compensation, among other things, and called for stricter rules on distance education. She also suggested that the government track student-loan borrowers all the way through repayment, to get a better measure of how many students default. The government now tracks loans through only two years…

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by Kelly Field, The Chronicle for Higher Education.

Posted: June 24th, 2010, by: admin. Categories: . Awaiting Comments.