Sunday, September 26, 2010

GAO Report Finds Evidence of Deceptive Recruitment Tactics, Shows Need for Regulation

In a recent report done by the Governmental Accountability Office (GAO), evidence was found that many leading “for-profit” colleges use deceptive recruitment tactics to bolster profits. The GAO, an agency Birkland refers to as “congresses’ investigative arm”, put out this evidence to show the need for more regulations in regards to for–profit colleges. These colleges can range from beauty schools to academic institutions such as the University of Phoenix, and have become an American success story in recent years. The current recession has brought many to believe a degree is necessary to find adequate jobs in today’s market. However, the GAO report found that most students dropped out of “for- profit” courses failing to find them useful. Because of deceptive recruitment tactics by leading for-profit schools, many students are defaulting on loans they should have never taken out.

http://www.economist.com/node/16990955?story_id=16990955

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