"CHART: Predatory For-Profit Colleges Spend More On Recruiting Than Instruction"
Two reports this week further exposed the predatory for-profit college industry’s misplaced priorities. In one, Rep. Elijah Cummings (D-MD), the ranking member of the House Committee on Oversight and Government Reform Committee, revealed that the schools place corporate profitability above student outcomes, and pay their executives accordingly. The Senate Committee on Health, Education, Labor and Pensions showed that the schools are essentially using taxpayer subsidies to finance their aggressive recruiting and regulatory manipulation. Based on the Senate’s findings, the Economic Policy Institute put together this chart showing that for-profit schools put more money into recruitment — and pocket more in profits — than they spend on instruction: