The battle over for-profit colleges, explained

Published on December 11, 2020

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At for-profit colleges, all students are welcomed—and so is your financial aid.

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Correction: We mistakenly highlighted Indiana University–Purdue University Indianapolis at 4:20 in the video as a for-profit university. Colorado Technical University, one above IUPUI in the list, is the for-profit institution we meant to highlight.

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There’s also the Public Service Loan Forgiveness Program. If you’re employed by a government or certain type of nonprofit the program forgives the remaining balance on Direct Loans after 120 qualifying monthly payments while working full-time.

Qualifications for student loan discharge:

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Higher education is expensive, so people want to get the best deal— a high quality college education at a low cost. This is similar in the way which many for-profit colleges and universities advertised themselves. Many students soon found that the cost of upward mobility through certain for-profit institutions wasn’t the answer for them.

These schools saw a huge jump in enrollment during the 2000s. Fueled by a struggling economy and the expansion of federal financial aid for college, many students saw the advertisements of for-profit schools as attainable and affordable. But almost two decade later, there are new regulations to reign in the predatory schools profiting off student debt. And today, over a dozen for-profit colleges in the US (ITT Tech, Corinthian Colleges, Sanford Brown, and others) have closed their doors for good. is a news website that helps you cut through the noise and understand what’s really driving the events in the headlines. Check out to get up to speed on everything from Kurdistan to the Kim Kardashian app.

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Lending Not for Profit, The battle over for-profit colleges, explained.

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