For-profit universities enter merely 8% out-of college students, yet , it account for 30% of the many education loan defaults. Such universities tend to entice in earliest-age bracket pupils, those individuals out-of reasonable-income communities, and you may experts, as a result of aggressive selling and federal fund and you can provides.
That it file photographs out-of 2016 reveals a ca campus of one’s now-defunct ITT Technology Institute. For-cash schools have been permitted to prosper and you will sustain a big portion of your own blame for the pupil personal debt condition, Sen.Continue reading