Why so many student from for-profits schools are left in debt limbo

The transcript discusses the challenges faced by students attending for-profit schools, focusing on the Art Institute of New York and the University of Phoenix. Students like Danielle Adorno and Stephen Trimble share their struggles with debt and job placement. The Art Institute's parent company faced a federal investigation, highlighting issues in the for-profit sector. The University of Phoenix defends its model, while the future of for-profit education remains uncertain under the Trump administration.

What was the main promise made by the Art Institute of New York to its students?

• Lifetime access to courses

• 90% job placement rate

• Free tuition

• Guaranteed scholarships

What was the outcome of the federal investigation into the Art Institute's parent company?

• A $95.5 million false claim settlement was reached

• The company was shut down

• The company was awarded for excellence

• The company was found not guilty

What financial impact did attending the University of Phoenix have on Stephen Trimble?

• His financial life was decimated

• He received a scholarship

• He became debt-free

• His credit score improved

What is the graduation rate for private for-profit schools compared to public schools?

• 27% for private for-profits, 58% for public

• 58% for private for-profits, 27% for public

• 65% for private for-profits, 58% for public

• 27% for private for-profits, 65% for public

How does the University of Phoenix justify its educational model?

• By offering free courses

• By guaranteeing job placements

• By providing high-quality education for working adults

• By reducing tuition fees to zero

What has been the response of the Department of Education to the closure of schools like ITT and Corinthian?

• They have ignored the issue

• They have approved loan discharges for some students

• They have provided scholarships to all affected students

• They have increased tuition fees

What is the uncertainty surrounding President Trump's stance on for-profit schools?

• He has clearly supported them

• He has clearly opposed them

• He has not made his stance clear

• He has banned them