Career training schools could lose federal funding

Posted at: 06/26/2012 6:29 AM

Are career training schools like Everest College and ITT doing enough to put people back to work? A new government report says no and many for-profit institutions could lose out on federal funding.

According to the education department, nearly 200 programs at 100 schools did not meet any of the three requirements to get aide. Those requirements are aimed at making sure graduates of career training programs can get a job and pay off student loans.

Only one in three schools met all requirements.

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