For-profit colleges and universities have a higher share of students in poverty than any other kind of post-secondary institution, according to a new study by Pew Research Center.

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Data: Pew Research; Chart: Axios Visuals

Why it matters: For-profit universities can provide higher education for students who would otherwise not be able to pursue a college degree. The downside is that for-profit degrees are, on average, much more expensive than degrees from not-for-profit institutions. And studies have found that for-profit students are less likely to graduate and more likely to struggle to pay off large amounts of student debt, as Axios has reported.

The big picture: The for-profit higher education industry has been struggling with financial troubles and accusations of false advertising and predatory lending. More than 1,000 for-profit college campuses closed in the past five years, displacing around 450,000 students, according to the Chronicle of Higher Education.

By the numbers:

  • For-profit colleges represent only about one-tenth of U.S. college enrollment, per the Chronicle of Higher Education
  • Half of independent students at for-profit universities are living in poverty — 7 percentage points higher than at public 4-year universities, according to Pew.
  • Two-thirds of students still financially dependent on their parents and studying at for-profit universities live in poverty, compared to less than 20% of dependent students at public universities.
  • Between 1996 and 2016, growth in poor, dependent college students was highest among for-profit institutions and public 2-year colleges.
  • While all colleges and universities saw their poor, independent student populations rise over the 20 year span, for-profit universities had the slowest growth.

The bottom line: For-profit universities can help impoverished and marginalized students by giving them a chance at earning a degree. But the cost and instability of for-profit colleges can also contribute to socio-economic inequality.

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Trump says he doesn't know who Proud Boys are after telling them to "stand by"

President Trump told reporters on Wednesday that he doesn't know who the "Proud Boys" are, after saying at the presidential debate last night that the far-right group should "stand back and stand by" in response to a question asking him to condemn white supremacists.

Why it matters: The comments set off outrage and calls for clarification from a number of Republican senators. After being asked several times on Wednesday whether he will condemn white supremacy, Trump responded: "I have always denounced any form — any form of any of that, you have to denounce. But I also — Joe Biden has to say something about antifa."

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Tim Scott says Trump "misspoke" when he told Proud Boys to "stand by"

Photo: Bonnie Cash/Pool/AFP via Getty Images

Sen. Tim Scott (R-S.C.) told reporters on Wednesday that he believes President Trump "misspoke" when he told the far-right "Proud Boys" group to "stand back and stand by" in response to a question about condemning white supremacy at the first presidential debate.

Catch up quick: Moderator Chris Wallace asked Trump on Tuesday, "Are you willing, tonight, to condemn white supremacists and militia groups and to say that they need to stand down?" Trump asked who specifically he should condemn, and then responded, "Proud Boys, stand back and stand by. But I'll tell you what, somebody's got to do something about antifa and the left."

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