Enrollment At For-Profit Schools Has Grown Dramatically Over The Past Decade
Between 1998 and 2008, the number of students attending these schools has grown from 553,000 to 1.8 million, an increase of more than 225 percent.
Parallel to this enrollment growth, the for-profit education sector takes in a larger share of Federal student aid dollars each year. In 2010, the sector received $30 billion in Federal funds. On average, 86 percent of revenues at the 15 large publicly-traded schools came from the Federal government through student aid programs.
HELP Committee analysis shows that, within the for-profit sector, more than 76 percent of students attend schools that are Wall-Street owned.