For-Profit Colleges Show Increasing Dependence on Federal Student Aid

Subscribe HereEight for-profit colleges failed to meet the requirements of a federal law that says they can get no more than 90 percent of their revenues from federal student-aid programs, and an additional 257 of them took in nearly the legal limit, exceeding the 85-percent mark, a report released on Wednesday by the Department of Education shows. For-Profit Colleges Show Increasing Dependence on Federal Student Aid