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Illustration: Rebecca Zisser/Axios

For-profit universities, often criticized for recruiting disadvantaged Americans and offering overpriced degrees, saw their enrollments more than triple during the Great Recession.

Why it matters: People went back to school in droves when the job market dried up, and for-profit colleges which can be more flexible with class sizes attracted students looking for an alternative to traditional institutions. But studies show that students at for-profit universities are less likely to graduate and and more likely to have significant debt and default on their loans, compared to traditional 4-year-degree counterparts.

At their peak enrollment in 2010, students at for-profit colleges only represented 11% of the overall student population, according to NCES. For-profit institutions can be an option for those who may not otherwise have access to education.

Expand chart
Data: National Center for Education Statistics; Chart: Naema Ahmed/Axios

But there are downsides of for-profit universities:

The impact: The high costs of many for-profit colleges can worsen socio-economic inequality. Minorities, women, older and low-income students are overrepresented in for-profit colleges, according to studies by Rajashri Chakrabarti, a senior economist at the Federal Reserve Bank of New York.

  • The Obama administration implemented new regulations, requiring proof of a reasonable debt-to-income ratio among graduates. It also shut down two major for-profit college chains — Corinthian Colleges and ITT Tech — which had been accused of false advertising and predatory lending.
  • Enrollment in for-profit institutions has recently leveled off, likely due to a more welcoming labor environment and the new rules, which had a "chilling effect" on for-profit colleges, Lowell Rickets from the St. Louis Federal Reserve told Axios.
  • The Trump administration is rolling back those rules aimed at abuses at for-profit schools.

Go deeper

Chris Cuomo accuser: On-air "hypocrisy" spurred report

Journalist Chris Cuomo. Photo: Gilbert Carrasquillo/GC Images

A woman who accused fired CNN journalist Chris Cuomo of sexual misconduct said Sunday she decided to come forward after learning of his comments about women who made similar accusations about his brother. He denies her allegations.

Why it matters: Her attorney Debra Katz said in a statement that she heard "the hypocrisy" of his on-air words about his brother, former New York Gov. Andrew Cuomo, and was "disgusted by his efforts to try to discredit these women," so "retained counsel to report his serious sexual misconduct against her to CNN."

Updated 4 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: CDC director says number of U.S. Omicron cases "likely to rise" — Two years of COVID-19 — Prior coronavirus infections may not protect well against Omicron.
  2. Vaccines: Data demonstrates most-vaccinated counties less vulnerable to worst of COVID — Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate.
  4. World: Vaccine mandates lose steam in the U.S. while Europe doubles downWHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming.
  5. Variant tracker: Where different strains are spreading.

Vulnerable Democrats: Less Trump talk

Illustration: Aïda Amer/Axios

Vulnerable House Democrats are convinced they need to talk less about the man who helped them get elected: President Trump.

Why it matters: Democrats are privately concerned nationalizing the 2022 mid-terms with emotionally-charged issues — from Critical Race Theory to Donald Trump's role in the Jan. 6 insurrection — will hamstring their ability to sell the local benefits of President Biden's Build Back Better agenda.