Podcast: Students feel the pain when for-profit colleges close Go to the profile of Dakota Pawlicki Dakota Pawlicki, Today's Student Tomorrow's Talent

Scott Jaschik, co-founder and editor at Inside Higher Ed, tells me that for-profit colleges have been hit by tighter regulation by creditors, the education department and state governments, which means they are losing easy access to federal aid. “Almost all for-profits are almost totally dependent on the aid the students receive from the federal government-both aid and loans,” he said. “When that money is halted or slowed, they don’t have the wherewithal to stay in business.” Jaschik said Massachusetts, which in the past year has seen several small nonprofit colleges announce plans to close, is considering legislation to require colleges to be up front if they think they might not survive. https://medium.com/todays-students-tomorrow-s-talent/podcast-students-feel-the-pain-when-for-profit-colleges-close-44d55fabacb4