The For-Profit Higher Education Industry, By the Numbers
By Suevon Lee
Sen. Tom Harkin, D-Iowa, chairman of the Health, Education, Labor and Pensions Committee, releases a report flagging high rates of loan default, aggressive recruiting practices and higher than average tuition, among other things, at for-profit schools on Capitol Hill on July 30, 2012.
The for-profit higher education industry was the target of a bruising report issued last week. Based on a two-year effort, the report detailed high rates of loan default, aggressive recruiting, higher than average tuition, low retention rates, and little job placement assistance. It was spearheaded by Sen. Tom Harkin, D-Iowa, a longtime critic of the industry. (ProPublica has written a number of pieces looking more closely at the explosive growth sector, including questionable recruiting and marketing.)
Read the Report: http://www.propublica.org/documents/item/407797-help-senate-report