Statement: For-profit colleges enroll substantially fewer students than public or private nonprofit colleges. At the same time, in comparison to nonprofit universities, for-profit colleges get a disproportionate percentage of federal and state financial help, such as tuition grants and guaranteed loans, for their students. As a result, for-profit universities must enroll a bigger number of financially disadvantaged students than non-profit colleges.
The statement above depends on which of the following assumptions?
1
A similar percentage of financially disadvantaged students attend both public and private nonprofit universities.
2
For-profit universities do not use dishonest methods to assist its students in obtaining overly generous federal and state financial aid.
3
Students attending for-profit institutions are more likely to get federal and state financial aid than those attending non-profit colleges.
4
The educational standards between for-profit and nonprofit colleges are comparable.
5
The majority of students who attend for-profit universities graduate without defaulting on their loan repayments.