Department of Education Data Show For Profit Student Default Rates Close to 50 Percent

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by Andy Kroll Here’s a shocking new statistic that puts the ongoing regulatory battle between for-profit colleges—the University of Phoenix, Kaplan University, and so on—and the Department of Education into context. According to new data from the DoE released recently, 46.3 percent of all loan money lent to students at two- and four-year for-profit colleges […]
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