Kevin Kinser, head of Penn State’s Department of Education and Policy Studies, was quoted in a CNBC article. An excerpt of this story featuring Kinser is below:
“Experts say that for-profit schools have led to skyrocketing student loan debt. Today, Americans owe about $1.2 trillion in outstanding student loan debt.
“‘They’re disproportionately responsible for the amount of debt out there,’ said Dr. Kevin Kinser, head of Penn State’s Department of Education and Policy Studies. ‘They are extremely reliant on student tuition as their sole source of revenue and at the same time extremely reliant on federal financial aid, in particular federal student loans.’
“The Obama Administration’s efforts to curb the worst practices of the industry have resulted in new regulations and investigations of for-profit schools like ITT Tech and Corinthian College.”
Read more at CNBC.com.