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Sunday, December 27, 2009
For-profit colleges face mounting scrutiny - Dennis Carter, eSchool News
Commercial college stocks continue to rise despite lawsuits and increasing student loan default rates. Officials at for-profit colleges and universities are facing a chorus of public criticism after accusations of shady student recruiter practices and a U.S. Department of Education (ED) report that showed twice as many students at for-profit schools have defaulted on their college loans compared to students attending nonprofit and public colleges. The growing criticism comes as new research suggests for-profit colleges are gaining market share among online learning students as the recession drives more people back to school.
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