Executive produced by news legend Dan Rather, FAIL STATE investigates the dark side of American higher education, chronicling the decades of policy decisions in Washington, D.C. that have given rise to a powerful and highly-predatory for-profit college industry. With echoes of the sub-prime mortgage crisis, the film lays bare how for-profit colleges exploit millions of low-income and minority students, leaving them with worthless degrees and drowning in student loan debt. FAIL STATE traces the rise, fall, and resurgence of the for-profit college industry, revealing its Wall Street Backing and the lawmakers enabling widespread fraud and abuse in American higher education. Winner of Best Historical Documentary at the **San Antonio Film Festival**. Official Selection at **DOC NYC**.