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Dozens of For-Profit Colleges Could Soon Close

The researchers found that when schools were threatened with the loss of access to federal aid, the percentage of Pell grant recipients (low-income students who depend on federal grants and loans to pay for their higher education) who enrolled declined by about 53 percent in the following five years. Interestingly, enrollment at neighboring for-profit schools also fell, even if they weren’t sanctioned, perhaps because the reputation of the entire sector was damaged by the sanctions.