A report from the Center for Responsible Lending, “The State of For-Profit Colleges,” presents a state-by-state analysis of for-profit schools in America, and reveals that students in for-profit schools are generally less likely to graduate, more likely to borrow, are deeper in debt, more likely to default an have poor outcomes than students in public and private 4-year colleges. Further, Black people, women and the poor are disparately impacted. For example, in Georgia, 68.1 percent of undergraduates enrolled in for-profit colleges are low-income, 56.9 percent are Black, and 68.6 percent are women. In North Carolina, for-profit students are two-thirds low-income, nearly 54 percent Black and two-thirds women. Nearly 78 percent of students attending for-profit schools in Mississippi are poor, while nearly two-thirds are Black and 78 percent are female.
