Liebling said they want to prevent a repeat of what happened after the 2017 bill became law, when one of Minnesota's biggest insurers, Medica, transferred $120 million from its nonprofit Minnesota HMO to its for-profit
"The incentive of a for-profit
is to get everyone they can possibly get to enroll--which means a student for whom online education will not likely be a constructive, positive, successful experience--a for-profit
has a strong incentive to enroll them anyway," said Shireman.
In CBSAs with a higher share of for-profit
schools, the expansion in for-profit
enrollment during downturns was greater.
Grewal, who says the department is no longer cooperating with or responding to New Jersey's requests to address for-profit
college fraud, voices the frustration of many who demand to see for-profit
schools that have behaved improperly held fully accountable.
"It will become increasingly harder for small for-profit
companies to compete with their larger rivals."
"It's time to turn off the spigot of federal student loan that are flowing into these for-profit
colleges," Massachusetts Attorney General Maura Healey told the Times.
Geneson found that for-profit
carriers are more likely to offer the best prices outside the silver plan level.
What made possible the for-profit
higher education business model was the pot of federal financial aid, including Pell Grants, student loans, and G.I.
Students at for-profit
schools are more likely to live at or below the federal poverty level and receive food stamp benefits than students in other sectors of higher education.
Taking those four measures and weighting them equally shows that students would be well served to avoid the New England Institute of Art, a private for-profit
college, where the typical net price is $29,700, median debt is $30,600, 16 percent of borrowers default on their loans, and just 36 percent of students graduate.
Under the proposed rules, for-profit
schools would have to meet federal accreditation and licensing standards or lose eligibility for their students to receive the federal loans and grants on which most rely to pay for their educations.
schools are no new phenomenon to legal education experts.