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Student Loan Reform and For-Profit Colleges

Mention the word “college” in a roomful of young people, and most of them will conjure mental images of students wearing backpacks or carrying laptops across a busy quad, but that’s not always the case: the rising popularity of online colleges means that increasing numbers of students are earning degrees without ever setting foot on an actual college campus.

Supporters of online colleges feel that the programs provide access to educational opportunities that people didn’t have as rece…