What is the difference between for profit and not for profit schools?

<p>I am gaining interest in LIM for fashion merchandising but it is a for-profit school which I have heard is not a good thing, but what is the major difference? I have no money saved up and my parents have no money to give me for college so is there no difference for me or??
Thanks.</p>

<p>Watch the PBS Frontline documentary on for-profit colleges:
[Watch</a> The Full Program Online | College, Inc. | FRONTLINE | PBS](<a href=“http://www.pbs.org/wgbh/pages/frontline/collegeinc/view/]Watch”>College, Inc. | FRONTLINE)</p>

<p>The biggest difference in my mind is the accreditation. Because for-profit schools generally are not accredited by the same organizations, your credits there will not transfer to other schools.</p>

<p>For-profit schools also have the reputation of encouraging students to borrow as much as possible without regard to their ability to repay the loans. However, I have heard of many non-profit schools that do this as well.</p>

<p>For-Profit schools are a scam.</p>