Making millions from financial aid

500,000

Number of students enrolled in the University of Phoenix

$130 million

The amount spent on advertising by the University of Phoenix in 2009

10

Percent of all students who attend for-profit universities

25

Percent of all federal student aid that goes to students attending for-profit universities

44

Percent of all student loan defaults that come from students at for-profit universities

86

Percent of revenue that the University of Phoenix gets from federal student loans

$31,190

Median student debt at for-profit colleges, compared to $17,040 at private schools and $7,960 at public universities

$750 billion

Outstanding college loans in the U.S.

Sources: Frontline