$26.5 billion in Federal Aid--25% of all student aid--goes to for profit colleges although they educate only 10% of students
Millitary style recruiters who get paid on commission reportedly sign up poor and unprepared students for the money. Democrats want to investigate. See NYT article here:
"For-profit colleges have less than 10 percent of the nation’s college students, but get about 25 percent of all federal student-aid disbursements.
"With for-profit colleges taking in $26.5 billion in federal money last year, up from $4.6 billion in 2000, government scrutiny is becoming intense".
via www.nytimes.com
Comments