A two-year investigation by the U.S. Senate Health, Education, Labor and Pensions Committee has culminated in a scathing report on for-profit colleges, finding that these institutions too frequently put revenues above education to the detriment of students charged high tuition and saddled with student loan debt.
According to one story in the Associated Press, the report from a committee chaired by Sen. Tom Harkin (D-Ia.) found that, "While students are aggressively recruited, they drop out in high numbers without the degree or certificate initially sought . . . [The report] found that 54 percent of students enrolled in 2008-2009 left without a degree or certificate by mid-2010. When two-year associate degree programs were studied, 63 percent left without a degree."
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