http://www.nytimes.com/2010/10/11/op...dehn.html?_r=1
This is an interesting op-ed in the NYTimes about the problems with for-profit colleges. It's not attempting to be objective, so before you buy it all, make sure to look for opposing viewpoints. I'm sure that there are many gainfully-employed Devry graduates who are very pleased with their education. But, the number that really stands out to me is that for-profit students only account for:
IndyCoug has pointed out that education funding could be a future bubble. With numbers like that, I can see why he thinks that.
I'm not a fan of for-profits for purely ideological reasons. This article signals reasons beyond my snobbery to dislike them more. Accreditation is a card game, but fleecing poor students by charging them more for online courses seems wrong. Online should cost more due to technology costs, but that's a trade off for not having to have a physical space, with its associated costs. If you cancel federal financial aid for for-profits, many of these places will collapse. Of course, so would my own institution, but we're a 501c3.
This is an interesting op-ed in the NYTimes about the problems with for-profit colleges. It's not attempting to be objective, so before you buy it all, make sure to look for opposing viewpoints. I'm sure that there are many gainfully-employed Devry graduates who are very pleased with their education. But, the number that really stands out to me is that for-profit students only account for:
only 12 percent of post-secondary students go to for-profit colleges, they account for 23 percent of federal loans. And students at for-profit schools default on their loans twice as often as their public school counterparts, leaving taxpayers with the bill.
I'm not a fan of for-profits for purely ideological reasons. This article signals reasons beyond my snobbery to dislike them more. Accreditation is a card game, but fleecing poor students by charging them more for online courses seems wrong. Online should cost more due to technology costs, but that's a trade off for not having to have a physical space, with its associated costs. If you cancel federal financial aid for for-profits, many of these places will collapse. Of course, so would my own institution, but we're a 501c3.
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