College & Workforce Readiness

For-Profit Colleges Face Increased Oversight

By Caralee J. Adams — June 14, 2010 1 min read
  • Save to favorites
  • Print

For-profit colleges are in the news today as this growing sector of higher education undergoes scrutiny.

The federal government is considering new rules to increase oversight of for-profit colleges, including the possibility of cutting federal aid to schools if graduates spend more than 8 percent of their starting salaries to repay loans, The Washington Post reports.

Beginning June 24, Sen. Tom Harkin (D-Iowa) will hold hearings on the industry to examine federal education spending at for-profit institutions.

The Career College Association is lobbying on behalf of for-profit colleges against these new proposals, according to the Associated Press.

While enrollment in for-profit colleges has more than doubled in the past eight years to 1.8 million, this educational alternative is leaving students swimming in debt. A College Board report that I wrote about last month revealed that 53 percent of graduates from for-profit colleges had more than $30,500 in debt. And reports show that students from for-profit institutions are more likely to default on student loans.

As community colleges and four-year institutions struggle to meet the increasing demand for services with ever-tightening budgets, students will likely continue to turn to for-profit schools. But it does come with a cost. We’ll watch in the coming weeks to see what safeguards are put in place to protect students and taxpayers.

Related Tags:

A version of this news article first appeared in the College Bound blog.


Commenting has been disabled on edweek.org effective Sept. 8. Please visit our FAQ section for more details. To get in touch with us visit our contact page, follow us on social media, or submit a Letter to the Editor.


Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Teaching Webinar
What’s Next for Teaching and Learning? Key Trends for the New School Year
The past 18 months changed the face of education forever, leaving teachers, students, and families to adapt to unprecedented challenges in teaching and learning. As we enter the third school year affected by the pandemic—and
Content provided by Instructure
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Curriculum Webinar
How Data and Digital Curriculum Can Drive Personalized Instruction
As we return from an abnormal year, it’s an educator’s top priority to make sure the lessons learned under adversity positively impact students during the new school year. Digital curriculum has emerged from the pandemic
Content provided by Kiddom
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Equity & Diversity Webinar
Leadership for Racial Equity in Schools and Beyond
While the COVID-19 pandemic continues to reveal systemic racial disparities in educational opportunity, there are revelations to which we can and must respond. Through conscientious efforts, using an intentional focus on race, school leaders can
Content provided by Corwin

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

College & Workforce Readiness Opinion What Will It Take to Get High School Students Back on Track?
Three proven strategies can support high school graduation and postsecondary success—during and after the pandemic.
Robert Balfanz
5 min read
Conceptual illustration of students making choices based on guidance.
Viktoria Kurpas/iStock
College & Workforce Readiness Opinion An Economist Explains How to Make College Pay
Rick Hess speaks with Beth Akers about practical advice regarding how to choose a college, what to study, and how to pay for it.
6 min read
Image shows a multi-tailed arrow hitting the bullseye of a target.
DigitalVision Vectors/Getty
College & Workforce Readiness What the Research Says College Enrollment Dip Hits Students of Color the Hardest
The pandemic led to a precipitous decline in enrollment for two-year schools, while four-year colleges and universities held steady.
3 min read
Conceptual image of blocks moving forward, and one moving backward.
Marchmeena29/iStock/Getty
College & Workforce Readiness Letter to the Editor How We Can Improve College-Completion Rates
Early- and middle-college high schools have the potential to improve college completion rates, says this letter to the editor.
1 min read