'Fail State' Trailer: Dan Rather-Exec Produced Doc Exposes For-Profit Colleges

The film, directed by Alexander Shebanow, opens Oct. 19 in Los Angeles and Nov. 9 in New York.

Fail State, a new documentary directed by Alexander Shebanow that promises to expose the rise of the for-profit college industry, is set to open theatrically Oct. 19 in Los Angeles at the Laemmle’s Music Hall and Nov. 9 in New York at the Maysles Documentary Center Cinema. It will become available on digital outlets such as iTunes, Amazon and Youtube via Gravitas Ventures in November and then begin broadcasting and streaming on STARZ on Dec. 17.

Veteran newsman Dan Rather serves as executive producer on the doc, which carries the tagline "Subprime Goes to College," a reference to the subprime lending industry, and which traces the rise of for-profit colleges, aided by Wall Street backing and enabled by politicians, casting a critical eye on how such schools exploit low-income and minority students.

Written by Shebanow, Regina Sobel and Nicholas Adams, the film was produced by Shebanow, Julia Glausi, Terrence Crawford, Tyler Comes, Adam Bolt and Alan Oxman. 

Fail State had its world premiere last October at the Austin Film Festival, won the Audience Award for Best Feature Film at the Middlebury New Filmmakers Festival, and claimed the Jury Prize for Best Historical Feature Documentary at the San Antonio Film Festival.