04/12/2009 05:12 am ET Updated May 25, 2011

For-Profit Colleges Scooping Up Stimulus Money

President Barack Obama's stimulus package directs billions in new funding to higher education. Poised to cash in on the largesse are a group of large for-profit universities that specialize in scooping up student aid dollars. Some of the schools, known for aggressive recruiting, are increasing advertising and seeing enrollments rise.

But are these education businesses appropriate beneficiaries of fresh taxpayer generosity? For years skeptics have raised questions about the schools' marketing tactics, graduation rates, and quality of education.

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