You’ve probably seen the advertisements put up recently by the for-profit colleges’ lobbying group aimed against the Department of Education’s coming “gainful employment” rules. The rules would limit the ability of for-profit colleges that leave students with unaffordable debt to take advantage of federal financial aid. Check out examples here, here and here.
On Tuesday Campus Progress, the nonprofit devoted to promoting progressive political and social policy through support for student activists and journalists on college campuses, unveiled its own advertising campaign. Here’s the television commercial:
…to highlight disturbing practices at some for-profit colleges across the country. For-profit schools currently serve 10 percent of U.S. students but account for 25 percent of federal student aid—and 44 percent of student loan defaults. While there are some quality programs at for-profit schools, too many for-profit programs are marked by skyrocketing tuition, high dropout rates, and insurmountable debt for many students.
Campus Progress has purchased advertisements, which will air on Fox News and MSNBC, expressing the organization’s support for the Department’s regulations.