For-profit colleges bilking public, senator says
A senator's examination of for-profit colleges paints them as dropout factories, where billions of dollars are squandered on financial aid and the schools' emphasis is more on attracting students than educating them.
By Matt York, AP
A University of Phoenix billboard is shown in Chandler, Ariz.
Sponsored Links
The result, according to the report: Too many students are left with bad debt and no degree.
Sen. Tom Harkin, D-Iowa, chairman of the Health, Education, Labor and Pensions Committee, released his report this week after two years probing the education industry, its profits and sometimes aggressive recruiting techniques.
"In this report, you will find overwhelming documentation of exorbitant tuition, aggressive recruiting practices, abysmal student outcomes, taxpayer dollars spent on