WASHINGTON, March 10 (Reuters) - Bridgepoint Education (BPI.N) students dropped out at a rate of more than 60 percent within two years, while the school’s spending on students plunged, according to data from the for-profit school analyzed by the Senate Health, Education, Labor and Pensions Committee.
The committee, which has been critical of the for-profit education sector, is using Bridgepoint as a case study of for-profit schools that have grown quickly even as their students drop out or emerge with poor education and high debt levels.
A total of 63.4 percent of students enrolled at Bridgepoint’s four-year bachelors’ program in the 2008-2009 academic year had dropped out by September 2010, while 30.7 percent were still enrolled, according to data from the schools and analyzed by the committee.
The HELP committee also released data showing spending on students dropped to $377 in December 2008 from $1,133 per student in January 2007. (Editing by Derek Caney)