Dick Durbin: “it hasn't been a very good week or two for the University of Phoenix. The University of Phoenix is the largest…”

“it hasn't been a very good week or two for the University of Phoenix. The University of Phoenix is the largest for-profit university in the United States. University of Phoenix students cumulatively owe more in student debt than any other institution of higher education in America. The students enroll at this university, which is largely online but has some classroom experience, they sign up for a higher tuition than they would at community colleges or most universities, and when they can't finish and drop out, they still have debt, or when they finish, they may have a diploma that can't find a job. The University of Phoenix--this private, for-profit company--receives nearly $3 billion a year in Federal Student Aid funding, but the quality of education from this for-profit school is suspect. The for- profit college and university industry is the most heavily subsidized for-profit business in America. We have seen a lot of warning signs about the University of Phoenix. We've seen how they target the military and veterans. Paul Rieckhoff of the Iraq and Afghanistan Veterans of America said that the University of Phoenix ``is constantly reported as the single worst by far'' when it comes to for-profit colleges taking advantage of veterans. Well, it has caught up with them.…”