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For-Profit Colleges

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What The University Of Phoenix's Cuts Say About The State Of For-Profit Colleges

It’s “another clear signal that there is a serious problem building in the education industry,” writes Wall Street Cheat Sheet: Multiple news outlets are reporting the company behind the University of Phoenix, a for-profit university with more than 328,000 students nationwide, is shuttering 115 brick-and-mortar locations in an effort to save more than $300 million as […]

Report Finds $32 Billion In Federal Aid Goes To For-Profit Universities

Two reports out this week tell us more about students borrowing to attend for-profit universities. The Consumerist writes a two-year investigation by the Senate Committee on Health, Education, Labor, and Pensions released Monday revealed $32 billion in federal aid goes to for-profit schools each year. The report, entitled “The Failure to Safeguard the Federal Investment and Ensure […]

Mailbag: 'Are All Colleges For-Profit On Some Level?'

After entering the crosshairs of Congress last month, for-profit colleges entered many of our commenters’ crosshairs last week. Reacting to our post about a GAO report that targeted for-profit higher education institutions, commenter “Alex” framed the debate this way: This is really about a “sub-prime college degree”. It is the same business model sub-prime mortgage […]

Ask The Ed Reporters: Why Do Students Finish Degrees At For-Profit Colleges Faster?

On our post about for-profit colleges, commenter Slowlightening asks: Students can finish degrees faster at for-profit institutes [than at community colleges, as The Atlantic writes]. Why doesn’t the article ask why that is? Is it because classes are held at better hours? Or is it because classes require significantly less work? Why doesn’t the article talk […]

For-Profit Colleges: Game-Changers Or 'Diploma Mills'?

For-profit colleges have a lot of accusatory fingers pointing in their direction, mostly from politicians and commentators looking for someone to blame for soaring levels of student debt. But are for-profits indeed fatally flawed ‘diploma mills’? Or convenient scapegoats? In Indiana, this debate has special significance. The state’s student default rate is one of the nation’s highest — and Congress […]

Indiana Student Loan Default Rate Tops All But Two Other States

It’s no secret: College is expensive. Indiana students take on a lot of debt to pay for it. As it turns out, though, it may be more debt than they can handle. Indiana’s 11.61 percent default rate on federal student loans is higher than the rates in all but two states — Arizona and Arkansas. That […]

Senate Report Says For Profit Colleges Cashing In On G.I. Bill

A new report released by a United States Senate study committee found that for-profit colleges are collecting nearly a quarter of all funds issued to veterans for education.  According to the study, for-profit colleges benefited from more than one billion dollars in G.I. Bill money last year. That’s compared to a total distribution of just […]

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