Predatory For-Profit Colleges Use Students to Tap into Federal Funds

For-profit colleges make money by convincing low-income students, students of color, and veterans to take out federal loans, in order to fund a degree or certificate program that rarely ends in a job – leaving students in debt without better job prospects, while the so-called “universities” prosper.

The federal Department of Education, “despite a crackdown against what it calls ‘bad actors,’ continues to hand over tens of millions of dollars every month to other for-profit schools that have been accused of predatory behavior, substandard practices or illegal activity by its own officials or state attorneys general across the country.”

 

Pictured: Students waited for information in April after Corinthian Colleges announced it would shut down Everest College in Industry, California. Credit: Christine Armario/Associated Press