For-Profit Colleges Caught On Video Encouraging Financial Aid Fraud

For-Profit Colleges Caught On Video Encouraging Financial Aid Fraud

According to the Dept. of Education, enrollment in for-profit colleges has exploded in recent years, growing nearly 500%. Last year alone, students at for-profit colleges received more than $4 billion in Pell Grants and more than $20 billion in federal loans. With all that money floating around, the Government Accountability Office was asked to investigate — and their findings will probably not please taxpayers. [More]