The company, whose best - known subsidiary is The University of Phoenix, has come under government scrutiny on grounds that it recruits under - qualified
students who
later default at a high
rate on their government - subsidized
loans.
[i] See Susan P. Choy and Xiaojie Li (2006), «Dealing With Debt: 1992 — 93 Bachelor's Degree Recipients 10 Years
Later,» Postsecondary Education Descriptive Analysis Report NCES 2006 - 156, Washington, DC: U.S. Department of Education; Erin Dillon (2007), «Hidden Details: A Closer Look at
Student Loan Default Rates,» Washington, DC: Education Sector.