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Document Number: 9063

Subprime Opportunity: The Unfulfilled Promise of For-Profit Colleges and Universities - The Education Trust feels with the collapse of the subprime lending industry, the showdown between for-profit colleges and the government shows how the aspirations of the underserved, when combined with lax regulation, make the rich, richer and the poor, poorer. For-profit colleges provide high-cost degree programs that have little change of leading to high-paying careers, and leave the most vulnerable students with heavy debt. Instead of providing a solid pathway to the middle class, they pave a path into the sub-basement of the American economy. (The Education Trust, November 2010)...


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