In a two-year investigation, the U.S. Senate Committee on Health, Education, Labor, and Pensions found rampant deception by for-profit colleges about every aspect of the education those schools offer – the true tuition, the quality, the teachers, the classrooms, the lessons, the accreditation, the eligibility for licensing or jobs, the ability to transfer credits to nearby public colleges, the graduation rate, the job placement rate, likely job prospects and future salaries, and career assistance.  For-profit schools were even signing students up for high-interest private loans without their knowledge, or failing to disclose the true terms of loans.

U.S. Senate Committee Report (Committee on Health, Education, Labor & Pensions) 2012

Summaries of Government Findings