"Despite dismal outcomes and high defaults, for-profit colleges enroll between 10 and 13 percent of students but receive 25 percent of all federal financial aid dollars. In 2009-10, this amounted to 25 percent of the total Department of Education student aid program funds."
I'm not sure that "student aid" and student loans are the same.
This discussion also seems to be missing the fact that students who attend many of these for-profit schools are poorer and thus more likely to default, regardless of the quality of education obtained. Any study is useless without an adjustment made for median household income of the student (and perhaps high school GPA).
jlgreco|12 years ago
http://www.harkin.senate.gov/help/forprofitcolleges.cfm
onebaddude|12 years ago
This discussion also seems to be missing the fact that students who attend many of these for-profit schools are poorer and thus more likely to default, regardless of the quality of education obtained. Any study is useless without an adjustment made for median household income of the student (and perhaps high school GPA).