Study says graduation rates are lacking at for-profit colleges

Nov. 24, 2010
Report from the Education Trust says such schools deliver "little more than crippling debt"

rom The New York Times: A new report on graduation rates at for-profit colleges contends that such colleges deliver “little more than crippling debt.” The report, “Subprime Opportunity,” by the Education Trust, cites federal data that suggests only 9 percent of the first-time, full-time bachelor’s degree students at the University of Phoenix, the nation’s largest for-profit college, graduate within six years. The study found that in 2008, only 22 percent of the first-time, full-time bachelor’s degree students at for-profit colleges graduate within six years, compared with 55 percent at public institutions and 65 percent at private nonprofit colleges. The University of Phoenix responded to the report by asserting that when all students are included, not just those in the federal data, 36 percent of its bachelor’s students graduate in six years.

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