Community colleges filled the void for students enrolled at for-profit institutions that were hit with sanctions, according to a new paper from the Federal Reserve Bank of Philadelphia.
Many speculated these students would discontinue their pursuit of education when their schools closed and financial aid was spent, but researchers found a 53% decline in Pell grant-receiving students at for-profits coincided with a 17% increase in community college enrollment by these same students following sanctions against the for-profits in the 1990s.
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