For-Profit Colleges Expanding Reach in Denver Area
October 10, 2010
By: Margaret Jackson

Rapidly rising enrollment has for-profit colleges expanding at a brisk pace, even as concerns mount over recruiting practices, tuition costs and students' ability to repay loans. ...

... "The for-profit education sector has been growing for a while, but it's just become bigger," said Jim McGrath, senior vice president and branch manager of Studley, who has represented several education companies, including Lincoln. "There are just more of these for-profit private schools out there. It's happening all over the country, not just in Denver. Denver's a good market for them. We have a young population and a lot of people are looking to better their lives."

Between 1998 and 2008, enrollment at higher-education institutions increased 31 percent, to 19.6 million students, according to a report by the U.S. Senate Health, Education, Labor and Pensions Committee. For-profit schools have grown much faster, 225 percent over the same period.

There are 14 publicly traded higher-education companies with a combined enrollment of 1.4 million students, up from eight companies with 199,584 students in 1998, according to the report. Since 2004, the number of private, degree-granting institutions has grown from 45 to 76 in Colorado. ...

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