For-profit colleges use taxpayer dollars to recruit vulnerable students, rake in profits

"These taxpayer dollars do not primarily go toward the education of students. As the figure shows, for-profit education companies take away more in profits than they spend on education. A large share of the revenue is also used to recruit new students, most of whom get deep into debt. The committee described typical recruiting practices as “aggressive,” and “deceptive.” And, this too is paid for by taxpayers." [Read more]