Community College Funding Cuts Drive Students To For-Profit Schools (for 12/30/11)

When community colleges lack the funding to offer courses students want, they end up taking classes at for-profit schools, which charge much higher tuitions. These private schools that currently profiteer off of poor students currently face investigations from at least 20 state attorneys general. Many students that graduate wind up unemployed and unable to pay their loans. Eighty percent of students at for-profit colleges borrow to attend, but only 20% of community college students need financial assistance. California has most students in higher education, but its community colleges will reject 200,000 potential students due to budget problems. Students from for-profit schools account for 45% of those unable to repay their loans. http://www.huffingtonpost.com/2011/12/30/community-college-for-profit-college_n_1174243.html