The Kept-Up Academic Librarian: While Public Higher Education Funding Is Slashed For-Profits Grow On Student Loans

May 25, 2012

While Public Higher Education Funding Is Slashed For-Profits Grow On Student Loans

The volume of federally guaranteed student loans to students at so-called proprietary colleges — the ones that intend to operate at a profit and get nearly all their revenue from the government — continues to grow. At the same time, state and local governments across the country are slashing spending on higher education, and community colleges — the ones most likely to offer alternatives to the students recruited by the far more expensive proprietary schools — are suffering some of the largest reductions. That trend has been welcome news to the proprietary colleges. Read more at:
http://www.nytimes.com/2012/05/25/business/us-subsidies-to-for-profit-colleges-keep-growing.html?ref=business

May 25, 2012 3:21:20 AM | For Profit Higher Education, Funding Issues

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