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Many drop out or find the programs aren't accredited, a Senate panel reports. Fees, often twice as much as at public universities, are often paid with federal loans, with a high default rate.
. . .
Stephen Burd, an education policy expert at the New America Foundation, said the scrutiny is long overdue, but lawmakers will have to contend with the industry's "Teflon lobby." Many concerns have been raised about for-profit colleges, but nothing has stuck, he said.
"For-profit college lobbyists are accustomed to flexing their muscles on Capitol Hill and getting their way — no matter how much controversy is swirling around their schools," he said….
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