Senate report finds large cost gap between for-profit, public colleges

By Erica Perez

Among the findings of a U.S. Senate committee’s recently released investigation of the nation’s for-profit college industry is a stark assessment of the huge gap between what it costs to get a degree or certificate from a career college and the price tag of a comparable program at a public college or university in California.

The two-year investigation by the U.S. Senate Health, Education, Labor and Pensions Committee took a sweeping look at 30 for-profit education institutions nationwide, combing through financial statements, internal company documents and other data to create a picture of a sector that it says fails to provide adequate return on investment for students and taxpayers.

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