Students at for-profit schools borrow more and more likely to default on loans, report says — For-profit colleges are booming as the unemployed turn to education, but some members of Congress and the Obama administration say they are growing at the expense of taxpayers and students.
For-profit Colleges In For Criticism
chicagotribune.com - Business, Chicago Tribune: Business
Sun, 08/01/2010 - 10:00pm
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The first for-profit college, the University of Phoenix, was founded in 1976, but it wasn’t until the 1990s that the industry began to expand rapidly. The dot-com bubble and the subsequent economic downturn created a perfect storm for for-profit colleges, as many students sought affordable and flexible education options. ...
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