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Researchers, advocates and impacted borrowers urge stronger state oversight of for‑profit colleges
Summary
Researchers and borrower‑advocacy groups told a New Jersey Senate committee that for‑profit colleges on average produce lower earnings and higher borrowing/default rates, while borrowers recounted decades of debt and nontransferable credits; proprietary colleges countered that their students are different and urged uniform metrics.
Researchers, advocates and people who said they were harmed by proprietary colleges urged a New Jersey Senate committee to adopt stronger accountability and redress measures for the for‑profit higher‑education sector during a hearing that also included testimony from proprietary institutions.
Dr. Stephanie Ciolini, a George Washington University economist, summarized research comparing for‑profit certificate students with similar public‑sector peers: on average, the research cited in testimony found for‑profit attendees earn less and borrow more, sometimes leaving students with lifetime net losses…
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