GAO report on for-profit colleges?

What are your thoughts on the GAO report on for-profit colleges that found deceptive recruiting practices? What are your thoughts on the disproportionate default rate among students at for-profit colleges? Are most for-profit colleges worth the money? Should we view all for-profits the same way? Is Devry actually a quality for-profit college? Here is a link to a summary of the report: http://gao.gov/products/GAO-10-948T|||Some for profit schools are going to get in deep trouble with the way the enroll students. I wouldn't view them all the same as many of them are really good schools. You need to realize that larger for profit schools enroll up to 100K students per year. With that volume you are bound to have problems. The report is very interesting. I know many people who went to Devry who liked it.|||I'm sure there are probably a few for-profit colleges that operate ethically and really care about giving their students a quality education. Unfortunately, it's beginning to appear that the majority of for-profits are unethical and in it purely for the money. The GAO report is just the tip of the iceberg, I'm afraid.





It's sad that many of these schools are marketing so heavily and targeting vulnerable people-- low-income, unprepared for college, etc. -- in order to latch onto federal financial aid. There have even been a few accounts of recruiters signing up students at homeless shelters! Many students are set up for failure from the beginning, often subjected to misleading and fraudulent recruiting tactics. Then when a student fails or drops out, the college still gets paid... and the student is stuck with loan debt that he/she won't be able to pay. And that student will easily be replaced with another just like him/her... it's a machine designed to chew up poor people and extract their financial aid money.





This industry needs to be regulated, since taxpayer dollars are going towards loans that are all too likely to go into default.