Stripper Says Degree Profitable for Goldman Not Worth It

Aug. 6 (Bloomberg) -- Carrianne Howard dreamed of designing video games, so she enrolled in a program at the Art Institute of Fort Lauderdale, a for-profit college part-owned by Goldman Sachs Group Inc. These days, the 26-year-old makes her living in a way that doesn't require a college diploma -- by stripping at a topless club. Like many investors, Goldman, owner of 38 percent of the Art Institute's parent, Education Management Corp., was drawn to for-profit colleges by their rapid growth and soaring stock prices. Bloomberg's Cali Carlin reports. (Source: Bloomberg)