obama student loan forgiveness - The For-Profit-School Scandal

Not long ago, for-profit colleges appeared as if not able to education. Targeting so-called “nontraditional students”-who are typically older, usually have jobs, and don’t necessarily head to school full time-they advertised aggressively to draw in business, claiming to impart marketable skills that will result in good jobs. They invested heavily in online learning, which enabled them to operate nationwide and also to bring down any costs. The University of Phoenix, as an illustration, enrolled thousands and thousands of students around the world, earning billions of dollars a year. Between 1990 and 2010, the share of bachelors’ degrees that originated for-profit schools septupled.