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For-profit schools draw growing federal aid funding
Washington’s expanded Pell Grants and government loans are increasingly flowing to for profit colleges from local career schools to chains like University of Phoenix and Kaplan. The five top Pell recipients last year were all for profit, with over $1 billion, while this year the share to these schools rose sharply. Critics warn of a sales-driven gold rush and risk to students and taxpayers as enrollment grows and graduation rates remain low.
MENTIONED IN THIS ARTICLE
Raleigh
N.C
Washington
Associated Press
University of Phoenix
Kaplan
Derry
Department of Education
Obama
Phoenix
Leges
Harris Miller
Career College Association
Aja Holmes
North Carolina State University
Mark Kantrowitz
Finaid.org