A Conveyor Belt of Dropouts and Debt at For-Profit Colleges

As college attendance has risen and investment in public institutions has flagged, the United States has relied increasingly on, with disastrous consequences for many students.

For-profits, once a tiny corner of higher education, have turned into an important force. In 1995, just 500,000 people attended for-profit schools, a small slice of the 15 million enrolled in all colleges.

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