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Download full textKutz, Gregory D. – US Government Accountability Office, 2010
Enrollment in for-profit colleges has grown from about 365,000 students to almost 1.8 million in the last several years. These colleges offer degrees and certifications in programs ranging from business administration to cosmetology. In 2009, students at for-profit colleges received more than $4 billion in Pell Grants and more than $20 billion in…
Descriptors: Higher Education, Proprietary Schools, Enrollment Trends, Student Financial Aid
Scott, George A. – US Government Accountability Office, 2009
For-profit schools--also known as proprietary schools--received over $16 billion in federal loans, grants, and campus-based aid under Title IV of the Higher Education Act in 2007/08. The US Government Accountability Office (GAO) was asked to determine (1) how the student loan default profile of proprietary schools compares with that of other types…
Descriptors: Higher Education, Proprietary Schools, Eligibility, Loan Default
Burd, Stephen – Chronicle of Higher Education, 1998
The student loan default rate was 9.6% in 1996, a decline of 12.8% since the 1990 peak, saving the federal government $3 billion over six years. Since 1993 the Department of Education has barred 1065 institutions, mostly for-profit trade schools, from participating in federal student loan programs; institutions with a 40% default rate can lose…
Descriptors: Educational Economics, Eligibility, Federal Programs, Higher Education
Blanchette, Cornelia M. – 1995
This report examines the effectiveness of recent federal government efforts through amendments to the Higher Education Act (1993) to reduce student loan defaults. Key measures to curb defaults had been to make schools with high student loan default rates ineligible for federal student loan programs. However, many institutions have challenged…
Descriptors: Colleges, Compliance (Legal), Educational Legislation, Eligibility
Congress of the U.S., Washington, DC. Senate Committee on Governmental Affairs. – 1990
This document reports oral testimony and prepared statements of persons who testified at hearings on abuses in federal student aid programs. Witnesses included proprietary school owners, officials from accrediting bodies and other educational organizations. Their testimonies focused on the various problems and discrepancies occurring within the…
Descriptors: Accreditation (Institutions), Accrediting Agencies, Certification, Eligibility
Hauptman, Arthur M.; Merisotis, Jamie P. – 1989
More than $25 billion in financial aid in 1988 is awarded annually to students attending postsecondary education. The aid covers about the same percentage of college costs that it did in 1970, but the impact of veterans' education benefits and social security benefits is no longer significant, and loans now make up one-half the total aid, having…
Descriptors: Access to Education, Economically Disadvantaged, Eligibility, Financial Services
