More on the for-profits
For-Profit College Graduation Rate: 22 Percent
For-profit colleges graduated an average of 22 percent of their students in 2008, according to a new report from Education Trust.
That average palls in comparison to bachelor's-seeking graduation rates at public and private non-profit colleges and universities for the same year, which averaged 55 percent and 65 percent, respectively.
The report, titled "Subprime Opportunity" (PDF) also reveals that for-profit colleges increased their enrollment by 236 percent from 1998 to 2009.
The median debt of for-profit college graduates -- $31,190 -- far outpaces that of private non-profit college graduates, which stands at $17,040, and is more than triple the median debt for those from public colleges, which is $7,960.
The University of Phoenix had one of the lower graduation rates at five percent, though the school said in a statement that when all of its students are accounted for -- not just those in federal data -- its graduation rate for bachelor's degree seekers rises to 36 percent.