60 minutes. An expensive lesson

Description

The for-profit career colleges are one of the fastest growing area in the field of education. It's a multi-billion dollar business with most of the revenues guaranteed by the federal government, and until recently the industry was the darling of Wall Street. Now, it's under scrutiny, with one of the biggest players facing allegations that it deceived investors, the federal government, and students, who say they've been taught a very expensive lesson. Correspondent Steve Kroft reports.

Runtime

14 min

Series

Subjects

Geography

Genre

Date of Publication

2005

Database

Alexander Street

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