X

Senate Report: For-Profit Colleges 'Abysmal'

Republicans, industry, say findings are biased
By Kevin Spak,  Newser Staff
Posted Jul 31, 2012 1:50 PM CDT

(Newser) – Private, for-profit colleges are gorging themselves on federal cash while spending little to ensure a quality education for their students, who are dropping out in droves, Democrats on the Senate's education committee declared in a report yesterday. The report found that more than half the students at the 30 schools it examined wound up dropping out after four months. Those schools spent 42.1% of their revenue on marketing, recruiting, and profits, compared to just 17.2% on teachers, the LA Times reports.

story continues below

"In this report you will find overwhelming documentation of exorbitant tuition, aggressive recruiting practices, abysmal student outcomes … and regulatory evasion," Chairman Tom Harkin said. Federal financial aid accounted for 80% of the revenue at the schools, the report said. But an industry group says the report "twists the facts to fit a narrative," while committee Republicans said they had "substantial doubt about the accuracy" of its finding. The Republicans did admit, however, that there were "significant problems" at for-profit colleges, the Arizona Republic reports. (Read more college stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X