For-profit education stocks show sharp losses after a Senate report (.pdf) widely criticizes the...

|By:, SA News Editor

For-profit education stocks show sharp losses after a Senate report (.pdf) widely criticizes the industry. Summing up the report quite nicely is the stat that while for-profit schools enroll only around 10% of students for higher education students in the U.S. - they account for nearly 50% of all student loan defaults. Falling the hardest: EDMC -9.1%, CECO -7.4%, ESI -7.4%, STRA -6.1%.