Online Learning Update

November 29, 2010

Subprime Opportunity: High Dividents, Low Baccalaureates at For-Profit Colleges

Filed under: Online Learning News — Ray Schroeder @ 12:12 am

by the Education Trust

Picture an industry that systematically puts its customers in hock—and provides them with very little in return. This is the experience of far too many students who put their hopes for a better future in the hands of for-profit colleges. These companies aggressively market to low-income individuals and people of color whose dreams of a secure place in the American mainstream include a college degree. And yet these institutions do a far better job at turning a profit for stockholders than ensuring that their students graduate. And while too few of their students acquire degrees, too many end up saddled with crippling debt.  “Subprime Opportunity: The Unfulfilled Promise of For-Profit Colleges and Universities,” a new report from The Education Trust, represents one of the few pieces of independent research on this fast-growing yet underregulated industry.

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