Date: July 28, 2010
Author: N.Y. Times (Editorial)
Schools have been caught falsifying data on student enrollment levels, attendance and eligibility requirements. Federal student aid is usually the main source — up to 90 percent in some cases — of the revenue at these often highly profitable schools. A disturbing Senate report also found that many for-profits spent suspiciously little money on teaching, while spending lavishly on recruiting, marketing and administrative costs.
Source:http://www.nytimes.com/2010/07/29/opinion/29thu2.html?_r=1
