Education | Fight over college regulations has big—and expensive—implications for taxpayers
by Leigh Jones
Posted 9/19/18, 04:29 pm
Students seeking either a career change or a four-year-degree alternative flocked to for-profit colleges after the 2008 financial crisis. Enrollment at for-profit schools ballooned from 230,000 in the early 1990s to about 2 million in 2010. Programs offered certifications for a wide variety of industries, including healthcare, technology, and business.
Some schools made dramatic claims about the financial windfall their training would bring. They seemed too good to be true—turns out, many of them were.