"Diploma Mills" is a historical analysis of for-profit colleges and universities (FPCUs) in the United States, examining their evolution from early commercial schools to large, publicly traded corporations. The book explores the complex interplay between FPCUs and government policies, particularly federal student aid programs, highlighting recurring scandals involving fraud, predatory lending, and misleading advertising. It traces the shifts in regulation and oversight attempts, revealing a persistent pattern of FPCU exploitation of vulnerable students and the challenges in effectively controlling their practices. The narrative emphasizes the tension between the profit motive and educational quality, illustrating the long-term consequences of prioritizing profit over student success.
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