For-profit schools target students of color, low-income students, women, and veterans for enrollment, while failing to provide a quality education enabling students to obtain gainful employment. As is described below, New York for-profit students are more likely to have higher debt loads, lower graduation rates, and higher default rates than other students in the state. Consequently, an inordinate number of low-income students, students of color, and women in New York are left with large loans that they cannot repay and very little to no educational benefit in return. The state can and must act to fill the void left by multiple rollbacks at the federal level to ensure that New York students and the state’s taxpayers are protected from predatory for-profit colleges. Continue reading the full testimony.
