OK, you mean Federal aid in the form of Pell grants and Stafford loans.


On Wed, Oct 12, 2011 at 4:37 PM, raghu <[email protected]> wrote:

> On Wed, Oct 12, 2011 at 3:28 PM, Max Sawicky <[email protected]> wrote:
> > Raghu writes:
> >> "The for-profit "colleges" are outright scams. They are not colleges.
> >> They consume 25% of all Federal aid dollars which should be a national
> >> scandal,
> >
> > Where does that number come from?
> > It looks . . . wrong.
> >
>
>
> The number is scandalously large, but it is correct. See for e.g.:
>
> http://articles.latimes.com/2010/aug/16/business/la-fi-for-profit-colleges-20100816
>
> "Although just 10% of college students attend for-profit schools, the
> schools collect nearly 25% of the $24 billion the government allocates
> each year to fund Pell grants and Stafford loans."
>
> -raghu.
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