Study: Over half of for-profit students defaulted on loans

FILE – In this Sept. 7, 2017, file photo, Education Secretary Betsy DeVos speaks at George Mason University Arlington, Va., campus. Students who attended for-profit colleges were twice as likely or more to default on their loans than students who attended public schools, according to a new federal study. The report comes as Education Secretary Betsy DeVos rewrites rules that had been put in place by the Obama administration to protect students who said they were defrauded by their for-profit colleges. (AP Photo/Jacquelyn Martin, File)