// the recruiters are gone

They sold a degree on credit. The credit outlived the college.

Documented case files of for-profit college chains that collapsed — built on federal student aid and aggressive recruiting, brought down by fraud findings, lost accreditation, and aid cutoffs. Each traced from the founding to the closure date on the record, and to the students left with debt and worthless credits.

15 collapsed for-profit colleges Updated Jun 10, 2026
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