For-profit college graduates earn less and owe more, report says

By Karen Farkas, Cleveland.com

CLEVELAND, Ohio – Students who attend for-profit colleges earn less and have more debt, according to a new report from Policy Matters Ohio. More state oversight is needed and Ohio needs to restrict funding, the report said. Last year Ohio spent more than $7.3 million on financial aid for students at for-profit schools, the report said. New data show their students often do not earn enough to support themselves, let alone repay student debt, the report says.