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The for-profit education sector has exploded in the last 15 years — here’s why

Posted BusinessMediaguide.Com
tudents wait outside Everest College, Tuesday, April, 28, 2015 in Industry, Calif., hoping to get their transcriptions and information on loan forgiveness and transferring credits to other schools. Corinthian Colleges shut down all of its remaining 28 ground campuses on Monday, April 27, displacing 16,000 students. The shutdown comes less than two weeks after the U.S. Department of Education announcing it was fining the for-profit institution $30 million for misrepresentation. (

The New York Federal Reserve Bank published a report that displays in stark terms just how much the for-profit college sector has exploded over the past 15 years.

“In 2015, nearly three times as many students attended for-profit schools as did in 2000, and there were 36% more for-profit schools,” according to part one of the four-part report, titled The Changing Higher Education Landscape.

The findings are especially relevant in light of the recent closure of ITT Technical Institute, which stranded 40,000 students and 8,000 employees just a week and a half after the Department of Education (ED) read more >>>

Source:: BusinessInsider.Com