For-Profit Colleges: Rough Times Ahead for Working-Class Students | Working-Class Perspectives

With the promoter of the now disgraced “Trump University” at the helm of the federal government for the next 4 years, we are likely to see for-profit companies playing a bigger role in higher educa…

Source: For-Profit Colleges: Rough Times Ahead for Working-Class Students | Working-Class Perspectives

promoter of the now disgraced “Trump University” at the helm of the federal government for the next 4 years, we are likely to see for-profit companies playing a bigger role in higher education.  But history shows us that many for-profit colleges can do lasting damage to poor students and families, as well as taxpayers and communities.

During the Reagan administration, for-profit trade schools rapidly expanded across the country.  Federal student aid to for-profit schools jumped from $684 million in 1982 to $4.15 billion in 1988.  Fraud and misrepresentation was widespread in the for-profit sector.  Recruiters used high pressure tactics to enroll students and targeted low-income students and people of color.

Programs were lightly regulated by the accreditors, and many schools closed before students could complete their degrees.

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