For-Profit Colleges: Is It Worth It?

Danielle Douglas- Gabriel said, ‘' it's difficult to make any assessments about the value of for-profit graduate degrees without any sense of the path students take after leaving the programs. Still, the amount of debt that students incur in some for-profit graduate programs is astonishing''. Clearly, Danielle is stating here that the programs in for-profit schools tend to have very, very high prices for their programs, which maybe are outraged prices compared to community colleges prices. Danielle also said, ‘' Graduates students borrowed the most amount of money, $756 million, to attend Walden….''. Looking at these numbers is a very big an astonishing number just for students to attend one school, so now imagine multiplying that to the other for-profit

Many of these schools provide night classes that accommodate students who have full time jobs. There are also multiple fortune 500 companies who have partnered with for-profit schools to provide educational opportunities for their employees. For-profit universities have also bought out colleges that would had to close their doors for good. Accreditation is also becoming more common among for-profit universities so some degrees will hold the same value as one from a traditional

Higher education has been known by many Americans as a luxury for only those who can afford it if not being forever in debt with student loans. The price of higher education has been in debate for many years but it still has not ceased to come into an agreement. Should higher education lower its price or is it worth paying for it? As Andrew Hacker and Claudia Dreifus argue in their article “Are Colleges Worth the Price of Admission?” there are colleges worth mentioning about how successful their financial management has been correlated with their students success. The issue has also come into attention for Sanford J. Ungar, as he explains in his article “The New Liberal Arts,” although liberal arts education may be have its misconceptions, it does pay for its price. Hence, higher education (whether from a regular university or a liberal arts college) is worth the price, as it prepares individuals for the real world more than any other kind of education, it is an unique time were students are allowed to explore and put their abilities into test and it is the opportunity for many to overcome the many obstacles life has to offer.

The ideal purpose of a college education was not to become the greatest financial outlay for a parent or guardian. It’s basic mission was to challenge the minds of younger individuals but instead many are burdened with staggering loans from something that was meant essentially to benefit. It has become a common burden for a family to be in debt six figures behind college tuition and colleges are losing their primary purpose of challenging the mind of young individuals. The essay “Are Colleges Worth the Price of Admission?”, helps the reader to understand how colleges have lost their soul purpose of educating by listing colleges who reinforce the idea that colleges have lost track of their basic mission. These exceptions show the reader how other colleges could possibly be able to gain their purpose again through reformation. The writer cites colleges who have not lost their priority to help reform those who have.

Corporatization of colleges makes earning money the Administrator's main priority, not educating students. In the article “Foundations of Corporatization: Lessons from the Community College” by Juli A. Jones, she argues how corporatization of schools has many negative effects on the students, including the quality of the education they receive, and the raise tuition prices. “The funding crisis that fuels corporatization is particularly acute at the community college level; our funding is significantly below national levels, below our state university system levels, and below our K-12 rates” (Jones 1). What she means is many colleges, especially community colleges, lack the funding they need, and the colleges really have no choice but to turn to corporatization to stay afloat. The problem is that the focus of the college becomes making money and turning a profit; The quality of education students receives goes down, while the price of tuition goes

There are several characteristics of for-profit colleges that make them vastly different from two-year community colleges or four-year state or private universities. The first major difference is that for-profit colleges are run more like a corporation than traditional colleges. This allows them to hire professors on short-term contracts, without requiring them to gain tenure. This practice is beneficial to for-profit colleges because if the professor’s statistics are horrible, he or she could be let go of sooner without having to go through a review board process, the college could simply not renew their contract. Another difference from tradition colleges is that classes can start at for-profit schools more often and classes can continue all-year. This is due to the fact that most of the student body at for-profits schools are online students who may be located thousands of miles away from the base campus. Another major difference of for-profit colleges is that new courses can be

Colleges and university have slowly become one of the stepping stones into the working world today. People go to colleges for higher education with the intention of earning degrees in which they can use in their respective fields. Some example degrees that people pursue are Medical, Law, Business, Accounting, and Science Degrees. Through the years the idea of college was that it was optional and it was a door for better life and job. However in the modern times, it become a necessity. It all started when the colleges once single- gender institutions target specific students in their respective demographics. Today, the college market has now been divided into two major categories:

In general, for-profit schools cost more to attend, because they are run like businesses. And it definitely does not take a college degree to see that these high prices plus low income students equal greater risk of default. For-profit colleges began as family owned trade schools but over the years they have expanded into educational businesses that accept any student, regardless of their financial wellbeing or aptitude. On the other hand, traditional schools have neglected to notice the rising need for an education that is flexible and convenient. In his article “Why Do You Think They’re Called For-Profit Colleges,” Kevin Carey writes to an audience of higher education students and faculty to convince them the pros and cons of both traditional and for-profit schools using different rhetorical, organizational, and stylistic strategies.

In case, you are not aware, for-profit tuition is much higher than that of public institutions, and for profits receive a quarter of all federal aid while only enrolling 10 percent of all students (216). The real problem is that students of the much more expensive for-profit institutions tend to borrow a lot more money than the students of public institutions do and are often unable to repay these loans upon graduating and entering the work force. In fact, most graduates of for-profit institutions are unable to even get a job with their freshly awarded on line diplomas and therefore default on their federally subsidized student loans due to lack of income. Clifford refutes indications that the excessive amount of student debt is directly related to the cost of education, and therefore, disapproves of the Obama administration’s proposal to disallow further federal aid to any student who has exceeded a certain percentage of debt in relation to income. In spite of statistics that predict more than half of his students’ loans will enter default, he simply does not feel that it is the responsibility of

For-profit colleges target veterans because G.I. Bill was given to the veterans by the government, which helps veterans pay for their colleges’ tuition, up to $21000 a year. Also, veterans must be looking to seek degree and trying to get a good job after they get out from the military. So, that’s also one of the reasons for for-profit colleges to recruit them.

As described earlier in this report, for-profit colleges are allowed access to federal financial aid only under particular circumstances. First, for-profit schools must meet a market test, demonstrating that a portion of their revenue comes from somewhere other than federal aid. Even though this requirement has serious loopholes, many for-profit colleges still come very close to transgressing the 90 percent limit on Department of Education revenue, so the

Over the past few years there has been an increase in False Claims Act lawsuits filed against major for-profit education companies for predatory enrollment strategies (Lederman, 2011). In 2009, the Apollo Group, the parent company of the University of Phoenix, settled a notable case for $78.5 million without having to admit guilt (Lederman, 2009). The case came from testimonies from former admissions counselors which alleged that the institution illegally paid its recruiters based on how many students they enrolled (2009). Cases have also been filed against the Corinthian Colleges Inc., parent company of Everest Colleges, as well as Education Management Corporation, parent company of Argosy and Arts Institutes.

What makes fast food business so profitable and successful is their immense customer base which varies between cultures, social classes and many other varying aspects. These for profit colleges try to sell this same image that college can be for everyone regardless of income or education level. They make their colleges open to anyone who is willing to pay, mostly paying through financial aid. Consequently, most of their profit comes from

That implies their understudies regularly get their confirmation or affirmation significantly more rapidly than they would at a conventional school or college. Cons • While for-profit colleges have gained credibility in many different industries, there are still fields of work where they are not viewed as adequate. Ensure you have explored the field you need to think about completely with the goal that you know precisely how potential managers will respond to a degree from a for-profit college. •

Twenty-one million students are anticipated to attend some sort of higher education (Barrow et al.). And tuition costs are reaching all-time highs; about high as the salary an average American makes in a year (Kay 36). This is a drastic change in the higher education system in America. Colleges used to be mainly religious institutions hundreds of years ago and were based on moral training and proper conduct. Overall, making better people for society. In the present day, American colleges are helping aid students in getting jobs while building up the student’s values. Many have pondered over if the value of higher education that is taught is worth the price being paid. Some have said that the costs are too high for anyone besides the upper class, but people are still enrolling with increased rates each year. Higher education is worth the price because it provides lifelong benefits to the people who graduate with a degree. People who obtain a degree attain life skills that everyone should learn, get paid more money in their lifetime, and gain a quality education.