For-profit colleges leave many students in debt
When Sarah E. Gagliano enrolled in 2006 at the Art Institute of Philadelphia - a for-profit college - she dreamed of a career in fashion design. Instead, she is nearly $100,000 in debt with no degree. With enrollment soaring at for-profit colleges, more students are taking on crushing debt, but students at these colleges default at higher rates and graduate at lower rates than their peers at nonprofit and public schools. Susan Snyder, Philadelphia Inquirer, May 7, 2010