More debts than diplomas from for-profit college

December 1, 2010
Nanette Asimov
"But their stories are common enough, says the Education Trust, a Washington think tank whose new report compares for-profit colleges to banks that initiated the subprime loan disaster, profiting as people lost their homes. "Subprime Opportunity: The Unfulfilled Promise of For-Profit Colleges and Universities" argues that while for-profit schools thrive, their students are more likely to drop out and be saddled with more debt than at public schools or private nonprofit colleges and universities."