school is because full sale university is a business. it is a for profit institution. when mitt romney gets asked policy questions about higher education, he brings up for profit colleges and as the po prosed solutions he brings up a specific school that it happens to be run by his fund-raising cochair. i was at a place in florida called full sale university. they provide a four-year degree for people in the entertainment world. production, media, broadcast and so forth. they hold down the cost by recognizing they are competing. cited by mr. romney as an example of how to hold down the cost of education. it costs $81,000 to do a 21-month program in video game art at the university. that s what he said is going to save him from higher education
mitt romney is a presidential candidate is not just tied to full sale university. he has been a big proponent of the industry. he will be speaking at another for profit college this weekend in north carolina. mr. romney plating his trough with this industry and doing so very aggressively has had a hopeful effect of putting a spotlight on this incredibly profitable industry and how much we are all paying them to be so profitable. tom hark in and the senate released a report on the industry, the product of a two-year investigation. the report was not good. for profit colleges charge tuition and often provide an inferior education by experiencing sky high dropout rates, how are they able to recruit a steady stream of new students? the answer is for profit colleges are what i call a marketing machine.
concerns over the agency s long term viability. for-profit colleges serve their shareholders over their students. that s according to a new report from democratic lawmakers. the study covered operations at dozens of for-profit higher education companies including did he via devry and kaplan. for profit colleges charge exor buy tent tuition. inferior education and sky high drop out rates. the report twists the facts. well, nasa scientists now say they have made a new discovery on the moon. up next, what they say happened to those american flags that our astronauts left behind decades ago. i m freaking out man. why? i thought jill was your soul mate. no, no it s her dad. the general s your soul mate? dude what? no, no, no. he s, he s on my back about providing for his little girl. hey don t worry. e-trade s got a killer investing dashboard.
documentation. we ll be issuing a report in the next week or so after that year and a half investigation. but basically what we found is just what you said. and especially egregious as they go after veterans. we passed a bill here in 2008 to give more generous benefits to the post 9/11 gis, those that fought in iraq and afghanistan. and quite frankly, what s happening is a for profit colleges moved in actively recruiting the gis. it s taxpayer money that is going to them. you pointed out $9 billion. about 38% to 40% of that money goes to the for-profit schools. it costs twice as much to go there. their dropout rates exceed 60%. and what we have to question is are these gis getting a good deal? are the taxpayers getting a good deal? and the answer, i m afraid, is no. yeah, what are those telling statistics to me was that for-profit schools spend far more on sales, marketing and
. after getting thousands of complaints, congress is cracking down on for profit colleges that they say are raking in millions in gi bill benefits often by misleading veterans. the stakes are enormous, just just for the veterans but for taxpayers because, look, the pentagon says it spend $9 billion to educate 600,000 vets this year alone. but for profit colleges cost far more than not for profit schools and have higher dropout rates. plus, degrees have been award kd turn out to be warnlglescan tur worthless. senator, good morning. good morning. i mean we should be clear not each and every for profit college is necessarily bad. tell us more about what your investigation found. we found, and this is an investigation that took place over a year and a half period of time with a lot of