Mon, 26 September 2016
ITT Tech’s bankruptcy could mark the beginning of the end for for-profit colleges and universities.
Colleges and universities that are designed to make a profit could soon be a thing of the past, as federal regulators have begun zeroing in on the industry’s habit of exploiting students. The last example of this is ITT Tech, which recently filed for bankruptcy after losing access to federally backed student loans.
In this episode of Industry Focus: Financials, The Motley Fool’s Gaby Lapera and John Maxfield discuss the latest developments in the for-profit education space.