The Wall Street Journal has an interesting article today on the challenges facing for-profit schools across the country. For-profit institutions have been under intense scrutiny recently following a series of lawsuits related to some high-pressure sales tactics used to enroll students and the irresponsible levels of debt many students are encouraged to incur. For-profit colleges tend to have student loan repayment default rates that are twice as high as non-profit public institutions.
Even DeVry, one of the more respectable names in the for-profit field, saw its new student enrollments fall over 25% this year. To learn more, read Melissa Korn's article in the Wall Street Journal: "Party Ends at For-Profit Schools"
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