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For-profit colleges bilking public, senator says

A senator's examination of for-profit colleges paints them as dropout factories, where billions of dollars are squandered on financial aid and the schools' emphasis is more on attracting students than educating them.

College dropouts have debt but no degree

As the nation amasses more than $1 trillion in student loans, education experts say a vexing new problem has emerged: A growing number of young people have a mountain of debt but no degree to show for it.

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