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Senate Report Criticizes For-Profit CollegesJul 30, 2012
Washington Post – The Senate Committee on Health, Education, Labor and Pensions has released a new report critical of for-profit colleges. The report concludes the for-profit colleges that are either publicly traded or privately owned are very good at signing up students but not keeping them. In 2008-09, such colleges had a 50% drop-out rate, with half of those students quitting within four months of enrolling. The committee examined the records of 30 of the most popular for-profit colleges, including DeVry, Kaplan, and the Apollo Group. These groups believe the committee is using outdated information, but the report showed the emphases for-profit colleges place on recruitment over instruction: Such colleges spend 23% of their revenue on advertising and just 17% on education. For more, read Report Finds For-Profit Colleges Serve Students Over Shareholders.
RSC urges our students to consider alternatives to for-profit colleges and helps them get better financial aid at the non-profit colleges of their choice.