Abstract
This article reports on recent developments associated with for-profit higher education institutes of the United States. For-profit higher education has continued to grow at a pace that once seemed unsustainable, thanks to an influx of capital, a favorable regulatory climate, and the industry's own nimble reaction to the changing demands of students. Of the 20 million students enrolled at degree-granting colleges in 2015, one out of 10 now attends a for-profit college. Early on, most for-profit colleges flourished by enrolling older, working adults. The growth over the last decade has come from traditional students.
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