'College, Inc' on PBS last night - 82% of Univ of Phoenix revenue is from student loans/grants

[Liberal_in_LA]

Yep. So the taxpayer provides this publicily traded company with 82% of its revenue. They
hook the student up with large student loans then suck the money up quickly. OMG. All the for-profits colleges are
following this 'business model'. The students average total student loan balances twice that of traditional colleges. 31000 in student loans for a BA!

:puke:

Other shockers...the reigning for-profit Guru has set up a college at the LA Dream center (religious place in downtown Los Angeles). Business model - hook up the church attendees with student loans to become social workers, hook up the drug addicts/prostitutes who attend the church with student loans to better themselves. Get them coming and going. Get that student loan money from the lower income, minority young