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The details for two-year and for-profit colleges is particularly concerning, with 40 per cent within the loans defaulting since 1995. This figures are published if ever the tough federal scrutiny is accomplished in for-profit colleges. The investigation was initiated in the Government as a result of conditions over growing discrepancies involving the federal funding pulled in addition to money wasted for ends besides showing. “While for-profits educate with 10 percent of students, those colleges’ young people received all-around twenty-five percent associated with Pell Grant and federal-student-loan dollars in 2008”, your Chronicle article reports.
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