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After a series of problems in the 1980s involving fraudulent for-profit trade colleges, Congress banned schools from making "any commission, bonus or other incentive payment based directly or indirectly on success in securing enrollments or financial aid to any persons or entities engaged in any student recruiting or admission activities".
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He left Otis-Parsons after two years, to study pattern-cutting at a trade college.
Over 50% of these men had completed post-secondary education (trade, college or university level; Table I).
Most of the informants indicated that they were literate in at least their primary language (n = 11) however a broad range of educational levels were represented (none: n = 3; primary school: n = 2; high school: n = 2; trade college: n = 3; university: n = 2).
Analyzing the eight publicly traded colleges that break down their expenditures by category, the report found that, on average, they spend half their money on education, 31 percent on recruiting and marketing and 16 percent on unidentified administrative costs.
For-profit higher education has long been a politically divisive issue, with Democrats generally arguing that greater regulation is needed to prevent huge publicly traded colleges from plundering the Treasury for student financial aid while leaving students with crippling debt and credentials that are worthless in the job market.
In 2011 the quarterback Terrelle Pryor, then with the Oakland Raiders and now with the Seattle Seahawks, was banned for five games for trading college football memorabilia for tattoos and cash.
Although the high level of disaggregation in the field of study (1375) may reduce its possibility, some fields of study could be offered in multiple degrees (trades, college, bachelor, and graduate degrees, for example).
Revenues for publicly traded college corporations topped $20 billion last year.
Some of the largest publicly traded college corporations receive nearly 90percentt of their revenues from federal student aid programs.
Programs at schools owned by three publicly traded college corporations -- Corinthian Colleges Inc., Career Education Corp. and Education Management Corp. -– had the most programs that failed all three debt measurements.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com