Trade Schools Exploiting Recession and Cashing in on Federal Aid

culinary school

A 15- or 21-month program at Le Cordon Bleu’s culinary school in Portland, Ore. costs $41,000.

One fast-growing American industry has become a conspicuous beneficiary of the recession: for-profit colleges and trade schools.  At institutions that train students for careers in areas like health care, computers and food service, enrollments are soaring as people anxious about weak job prospects borrow aggressively to pay tuition that can exceed $30,000 a year.

 

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