For-profit colleges respond to increased scrutiny - KMOV.com

For-profit colleges respond to increased scrutiny

ST. LOUIS (AP) -- Some of the nation's biggest for-profit colleges are becoming more selective amid continued scrutiny of the industry by lawmakers, shareholders and former students.

Both the University of Phoenix and Kaplan University report that first-time student enrollment is down by nearly half after they introduced new programs that let students test the waters. The Phoenix effort is a no-cost, three-week orientation required of prospective students with fewer than 24 transfer credits.

The Kaplan Commitment allows new students to attend classes for four or five weeks for free before deciding whether to continue.

The industry shift comes as for-profit schools face a host of new regulations that could cut off federal aid if too few students repay their loans or acquire decent-paying jobs.

 

 

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