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Education / Student Debt / For-Profit Colleges #989313

NBC Evening News for Tuesday, Dec 21, 2010
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(Studio: Brian Williams) Report introduced.

(Washington: Scott Cohn) The CNBC documentary “Price of Admission” about student debt previewed; statistics on debt and loan defaults cited; details given about the defaults at for-profit colleges, including University of Phoenix; GAO undercover video of for-profit college recruiters making wild promises to attract students shown. [In debt Emily HAUPTMANN††- comments on her family’s situation.] [Senator Tom HARKIN††- says the for-profit schools are inflating this bubble.] [Assn. of Private Sector Colleges and Universities Brian MORAN†- says we’re fulfilling the need to give students more marketing skills.]

(Studio: Brian Williams) Tonight’s premiere of “Price of Admission: America’s College Debt Crisis” noted.

Williams, Brian;
Cohn, Scott

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