Report blasts shortcomings of for-profit colleges

In 2010, the 30 for-profit colleges examined employed 35,202 recruiters compared with 3,512 career services staffers.

For-profit colleges are failing their students and saddling taxpayers with an enormous bill, a two-year investigation by the Senate education committee’s Democratic staff concluded.

The harsh report, released July 30 by the committee’s chairman, Sen. Tom Harkin, D-Iowa, found that federal taxpayers spent $32 billion on for-profit colleges in 2009-10, while more than half of the students who enrolled in them dropped out without a degree after about four months in 2008-09.

“In this report, you will find overwhelming documentation of exorbitant tuition, aggressive recruiting practices, abysmal student outcomes, taxpayer dollars spent on marketing and pocketed as profit, and regulatory evasion and manipulation,” Harkin said. “These practices are not the exception—they are the norm.”…Read More