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The Downfall of For-Profit Colleges

The future of the for-profit college industry is looking pretty dismal right about now—and that, many would agree, is generally a good thing. Some of the industry’s biggest players have made headlines in recent years for their poor performance, exorbitant pricing, and exploitation of vulnerable, low-income students.

And the feds are now poised to ramp up oversight amid larger efforts to reform the country’s besieged higher-education system.