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A recent article in the Chronicle of Higher Education reported on a study by the Nexus Research and Policy center that considered the cost to taxpayers if all for-profit schools were put out of business.    The study suggested that California, New York, Ohio and Texas alone would spend $8.4 billion more over five years to accommodate all the displaced students.

While the study may raise interesting public policy questions regarding the role of for-profit colleges in the range of higher education options in the United States, it does not address how devastating the experience at some for-profit colleges can be for some students who are misled about matters such as accreditation and job placement and incur tens of thousands of dollars in debt pursuing what may be their only opportunity for higher education.

 


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