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For-Profit Higher Education

For-profit higher education is a term used largely within the United States to refer to higher education institutions (HEIs), incorporated as private profit-seeking businesses, which provide educational services and grant certificates and degrees. They differ from traditional colleges and universities that are incorporated as private nonprofit institutions or as public institutions. With the increase in demand for postsecondary education, for-profit colleges and universities (FPCUs) have seen an unprecedented growth in both the numbers of institutions and enrollments, from 2% of all higher education enrollments two decades ago to now accounting for approximately 13%, according to the latest figures from the U.S. Department of Education. FPCUs generally serve nontraditional students who are older (more than 25 years of age), from lower income households, financially independent, and ...

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