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MarketWatchJan. 19, 2012, 11:00 a.m. EST With Romney Under Fire for Touting For-Profit Colleges, SEIU Launches Website for Beleaguered Students in Sector Romney’s claims about the cost-effectiveness of the for-profit college industry, which has made significant donations to his campaign, are clearly at odds with reality, according to information on the website, www.ForProfitU.org . Tuition, debt loads, and loan default rates run far higher at for-profits than at traditional schools and the sector is disproportionately contributing to the nation’s student debt crisis. Despite the fact that approximately one in ten college students attend for-profits, nearly half of all federal student loan defaults occur there. As The New York Times reported earlier this week, Romney received $2,500 from Todd S. Nelson, CEO of Education Management Corporation (EDMC). With some of the highest tuition rates in the industry, the 105 schools operated by EDMC—including The Art Institutes, Argosy University, Brown Mackie College, and South University—are highlighted on the site.

MarketWatch
Jan. 19, 2012, 11:00 a.m. EST

With Romney Under Fire for Touting For-Profit Colleges, SEIU Launches Website for Beleaguered Students in Sector

Romney’s claims about the cost-effectiveness of the for-profit college industry, which has made significant donations to his campaign, are clearly at odds with reality, according to information on the website, www.ForProfitU.org . Tuition, debt loads, and loan default rates run far higher at for-profits than at traditional schools and the sector is disproportionately contributing to the nation’s student debt crisis. Despite the fact that approximately one in ten college students attend for-profits, nearly half of all federal student loan defaults occur there.

As The New York Times reported earlier this week, Romney received $2,500 from Todd S. Nelson, CEO of Education Management Corporation (EDMC). With some of the highest tuition rates in the industry, the 105 schools operated by EDMC—including The Art Institutes, Argosy University, Brown Mackie College, and South University—are highlighted on the site.