The problem of high debt and low wages is by no means limited to proprietary schools. But unlike other sectors, for-profit colleges are beholden to shareholders and have been found to hike up tuition to match financial aid increases, according to Stephanie Riegg Cellini, a professor of public policy and economics at George Washington University. ‘We have research showing again and again that for-profits operate differently, their incentives are different and the response to student aid is different,’ she said.

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