For-profit providers are becoming an increasingly important fixture of U.S. higher education markets. Students who … default than students attending similarly selective public schools. Because for-profit schools tend to serve students from …-profit institutions. The first-stage estimates show that students are much more likely to enroll in a for-profit institution for a given …

This study uses a rich longitudinal data-set of 13,202 full-time students belonging to 11 cohorts over 22 consecutive … semesters since admission to the institution. (2) The rates are significantly related to the proportions of female students …, students who switch from their original academic programs, and students from private schools. (3) Results suggest that, under …