The Lifelong Cost of Getting a For-Profit Education
“Research has shown that for-profit colleges disproportionately enroll black students, single parents, and older students. On its face, that seems like a good thing, since it means increased access to higher education. But for-profits tend to be more expensive, have lower six-year graduation rates, and lead students to take out more loans that they are more likely to default on. Yet, despite all the red flags, students described the process for enrolling in the institutions as virtually seamless—’frictionless,’ even.”