The Low Return on Aid at For-Profit Colleges
FOR-PROFIT COLLEGES TAKE.. WHILE THEIR FEDERAL AID A LARGE SHARE OF AND PRODUCE EVEN FEWER MONEY BECOMES PRIVATE FEDERAL AID GRADUATES WHO TEND TO PROFIT TO SERVE FEW STUDENTS DEFAULT MORE ON STUDENT LOANS PRIVATE 9% 5% 23% 43% 16-37% FOR-PROFIT PRIVATE 30% 19% 22% 13% 0% NONPROFIT PUBLIC 46% 72% 73% 44% 0% Federal Money Students Graduates Loan Defaults Profit Among 16 for-profit schools studied in 2010. Given through Pell and other grants, to pay tuition in 2008-2009 (1% went to foreign schools). As a portion of all Portion of all students awarded Percentage of defaults out of all students in 2o08. bachelor's degrees in 2010. student loan defaults in 2008 (239 M). Sources: National Center for Education Statistics, U.S. Senate Report for Tom Harkin, The Quick & The Ed UNITEDREPUBLIC.ORG
The Low Return on Aid at For-Profit Colleges
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Jasper McChesneySource
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