College & Workforce Readiness News in Brief

Loan-Repayment Rates Low at Most For-Profit Colleges

By The Associated Press — August 24, 2010 1 min read
  • Save to favorites
  • Print

The federal government has released data on more than 8,000 colleges showing that many students at for-profit colleges aren’t repaying their student loans. The numbers could imperil the ability of future students at those schools to receive federal financial aid.

Only four for-profit chains— Universal Technical Institute, Grand Canyon Education Inc., American Public Education Inc., and Bridgepoint Education Inc.—met or passed the government’s threshold of a 45 percent repayment rate, which would allow them continued unfettered access to government-backed student loans.

The U.S. Department of Education has promised greater oversight of the schools and tougher rules.

A version of this article appeared in the August 25, 2010 edition of Education Week as Loan-Repayment Rates Low at Most For-Profit Colleges

Events

Student Well-Being Webinar After-School Learning Top Priority: Academics or Fun?
Join our expert panel to discuss how after-school programs and schools can work together to help students recover from pandemic-related learning loss.
Budget & Finance Webinar Leverage New Funding Sources with Data-Informed Practices
Address the whole child using data-informed practices, gain valuable insights, and learn strategies that can benefit your district.
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
Classroom Technology Webinar
ChatGPT & Education: 8 Ways AI Improves Student Outcomes
Revolutionize student success! Don't miss our expert-led webinar demonstrating practical ways AI tools will elevate learning experiences.
Content provided by Inzata

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 The Nation Is Still at Risk: The Urgency of Workforce Preparation
The labor market needs education to evolve. Career and technical education has an important role to play, writes Anthony P. Carnevale.
Anthony P. Carnevale
5 min read
Illustration of a figure walking through a landscape of vocational iconography.
Liana Nagieva/iStock + Vanessa Solis/Education Week
College & Workforce Readiness What the Research Says Students Pay a Growing Price for Landing a Job Outside Their College Major
Researchers think better guidance in high school could lessen the cost to young people in long-term income.
3 min read
Young girl working on an electrical panel in a classroom setting.
iStock/Getty
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
College & Workforce Readiness Quiz
Quiz Yourself: How Much Do You Know About Skills Verification?
Answer 7 questions about skills verification.
Content provided by iCEV
College & Workforce Readiness 3 Big Advantages of Virtual Work-Based Learning Experiences for Students
Virtual work-based learning opportunities are especially helpful for students attending rural schools.
3 min read
High angle shot of a man assisting his students at computers
iStock/Getty