Each year, good for-profit colleges train thousands to work as medical assistants, business administrators, RNs, cosmetologists--jobs that can change their lives. Bad for-profit colleges, however, leave many thousands of students in debt and jobless. The federal government heavily subsidizes for-profit colleges, so regulation could determine the fate of billions of taxpayer dollars and is therefore of interest to all of us--we're helping fund those colleges, including the disreputable ones. Since 2016, nearly 300,000 ...
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Each year, good for-profit colleges train thousands to work as medical assistants, business administrators, RNs, cosmetologists--jobs that can change their lives. Bad for-profit colleges, however, leave many thousands of students in debt and jobless. The federal government heavily subsidizes for-profit colleges, so regulation could determine the fate of billions of taxpayer dollars and is therefore of interest to all of us--we're helping fund those colleges, including the disreputable ones. Since 2016, nearly 300,000 students have filed to have their loans forgiven, alleging that their for-profit colleges defrauded them. What could our government do to limit such abuses? The Profits of Failure offers a definitive answer.
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