Halperin from a year ago, "A Wells Fargo stock analyst, who boosts for-profit colleges while frequently overlooking their abuses, lays the blame for one particularly predatory college's high failure rate at the feet of low-income students, or, as he calls them, "subprime" students.
Summarizing a presentation by Corinthian Colleges, which has one of the worst records of serving students of any for-profit college, analyst Trace Urdan wrote that "essentially all of Corinthian's borrowers can be characterized as sub-prime." Urdan's report finds that Corinthian "remains viable and potentially appealing in the long term" for investors, and blames federal rules for the company's struggles."
Source: http://www.huffingtonpost.com/davidhalperin/for-profit-college-analys_b_3399793.html Report here: http://www.republicreport.org/wp-content/uploads/2013/06/Wells_COCO_institutional-loans-528-2013.pdf