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Released: March 14, 2010

The new poor: Lured into trade school and debt

Source: Peter S. Goodman, New York Times (Free Registration)

One fast-growing American industry has become a conspicuous beneficiary of the recession: for-profit colleges and trade schools.

But the profits have come at substantial taxpayer expense while often delivering dubious benefits to students, according to academics and advocates for greater oversight of financial aid.

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