Hearing Sees Financial Success and Education Failures of For-Profit College

"For investors, it was an impressive story: Bridgepoint Education used seed money from Warburg Pincus in 2005 to buy a struggling religious college with 300 students in Clinton, Iowa, and turned it into an online behemoth with 78,000 students and $216 million in profits last year."  For students, not so much . . . Ashford University’s Success and Failures Described