A Government Accountability Office (GAO) report has announced that a study of 15 for-profit colleges shows that these colleges misled students to encourage enrollment, and that students were encouraged to commit fraud when applying for financial aid. The magnitude of the cost of such fraud on taxpayers is not known, but the Department of Education lends $20 billion annually in student loans.
GAO investigators posed as applicants and met with various officials at 15 unidentified for-profit colleges and universities. Continue reading ›