Yesterday, the appropriately-acronymed H.E.L.P. Committee (the Senate's Health, Education, Labor and Pensions Committee) put out a report critiquing for-profit higher education. The report found a lot of problems with the institutions.
One: A majority of students don’t graduate.
Two: Those who do graduate end up spending quite a bit to do so.
And three: Financial assistance comes from tax payer money, and as the cost of tuition rises, the number of students that can receive government help decreases.
Senator Tom Harkin (D-Iowa) is the Chairman of the Health, Education, Labor and Pensions Committee.