For-Profit Colleges Struggle To Persist And Expand
Private, For-profit Colleges See Unaccustomed Setbacks
For-profits colleges enjoyed booming enrollment and annual profits in the billions. But after years of criticism over purportedly fraudulent claims, high costs, and shady recruiting practices, the for-profits have seen deep enrollment declines and been forced to slash tuition. Some have shut down or announced layoffs, and states are stepping up enforcement against questionable practices by others. (Hechinger Report, 11/11/13)