Not all for profit institutions are necessarily bad, BUT the industry has a very poor track record regarding federally funded programs. Way too many students obtain the loans with the encouragement and guidance of the for-profit institution and way too many of these students never graduate, BUT they still end up owing the borrowed monies that the school has already taken to their company bank. Remember, these are not “non-profit” institutions. They get to keep the taxpayers’ money while the former students struggle with the debt. This problem is too common around military bases as they prey on our service personnel and their families. See https://abound.college/finishcollege/advice/how-for-profit-schools-scam-veterans-wes-creel/
Have have good friends from the military who have experienced these problems. I was relieved to find out that it was reaching some news sources.
Check out this National Education Association (NEA) article @ http://neatoday.org/2018/06/01/for-profit-colleges-fraud/