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States Expand For-Profit Education Probe

The effort comes as federal and state officials closely scrutinize the for-profit education business, which receives about $30 billion a year in taxpayer-funded federal loans and grants. Critics, including many Democratic lawmakers, say the companies exaggerate graduates’ earning potential and don’t fully inform students of the potential burden of student loans. The colleges defend their track record, saying students are told about loan terms and warned that graduation doesn’t guarantee employment.