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

Not long ago, for-profit colleges looked like the future of education. Targeting so-called “nontraditional students”-who are generally older, usually have jobs, and don’t necessarily check out school full time-they advertised aggressively to attract business, claiming to impart marketable skills that might result in good jobs. They invested heavily in online learning, which enabled them to operate nationwide and keep costs down. The University of Phoenix, as an example, enrolled tens of thousands of scholars in the united states, earning immeasureable dollars per year. Between 1990 and 2010, the proportion of bachelors’ degrees that came from for-profit schools septupled.