colorlines: For-profit schools make their money off of students’ Pell Grants, the federal money that’s set aside for low-income students, and from everyone else’s federal student loans. Students enroll in for-profit schools under bloated promises of future employment, often obtaining bogus certificates from unaccredited institutions, or taking credits that aren’t transferable to other schools. Along the way, they rack up tens of thousands in debt, which they often cannot repay. (More in For-Profit Schools See “Subprime-Opportunity” - COLORLINES)
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colorlines:

For-profit schools make their money off of students’ Pell Grants, the federal money that’s set aside for low-income students, and from everyone else’s federal student loans. Students enroll in for-profit schools under bloated promises of future employment, often obtaining bogus certificates from unaccredited institutions, or taking credits that aren’t transferable to other schools. Along the way, they rack up tens of thousands in debt, which they often cannot repay.

(More in For-Profit Schools See “Subprime-Opportunity” - COLORLINES)

Source: colorlines.com