A Whole Lot of Profit

For-profit colleges appear to be riding out the recession very well, according to the Department of Education. From Inside Higher Ed comes news that:

Overall enrollments at postsecondary institutions… grew by 4.8 percent in the fall of 2008, nearly double the 2.6 percent increase from 2006 to 2007. The growth was almost certainly driven by the onset of the recession, as poor economic times tend to send Americans (especially the jobless) back to school. The biggest gains by far occurred in the private sector, where the one-year increase was 21.1 percent. While the base remains small, enrollments at for-profit institutions represented 9.2 percent of the total in 2008.

Apparently almost 10 percent of American college students are actually studying at for-profit schools.

Daniel Luzer

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer