Report slams for-profit schools for expensive tuition, high drop-out rate
U.S. taxpayers spent $32 billion last year on for-profit private schools, despite the sector's relatively high drop-out rate, according to a congressional investigation. The Senate Committee on Health, Education, Labor and Pensions found that during the 2008-2009 school year, which is the most recent data available for withdrawal rates, 54 percent of for-profit students dropped out without a degree. That translates to more than half a million students in one school year.
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