For-profit Colleges and the CWU Client Experience
"The for-profit college industry (also known as proprietary schools) has been described as 'marketing machines masquerading as universities.' For-profit colleges are educational institutions that are run by private, profit-seeking companies or organizations. Despite the criticism, the for-profit college industry continues to expand more rapidly than other areas of higher education.
From 1998 to 2008, for-profit college enrollment grew by 225%. According to the Institute for College Access and Success, an astounding 44% of the students who defaulted on their student loans within three years of leaving school had attended for-profit colleges. Students who attend for-profit colleges are more than twice as likely to default on their federal student loans as students enrolled at nonprofit institutions. For individuals two years into repayment, the national default rate was 11.6% at for-profit colleges, 4.0% at private nonprofit four-year institutions, and 6.0% at public four-year institutions."...Download File