For-Profit Colleges

People attend college or university for several reasons, including exploring hundreds of career opportunities, pursuing their passions, learning critical thinking skills, and achieving their maximum potential. According to Dr. Richard Vedder’s, “For Many, College Isn’t Worth It”, attending college or university is not worth the time, effort, or money – Dr. Richard Vedder wants to solely focus resources on private universities and institutions. Vedder describes how many graduates with Bachelor’s degrees do not even obtain jobs in their specific field and how they will never start a career in their area of academic study. In his article, Richard Vedder describes how there should be more stringent standards placed on college undergraduates; he believes that public universities are not necessary and only private, more elite universities should remain operational. I personally believe that obtaining a college degree from an accredited university is worth the risk and the money, not only for one’s self but for society as a whole. Instead of shutting down undergraduate universities, we should consider raising collegiate admission standards throughout the nation.

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.

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:

Higher education has become a staple of American society. With over 20 million students attending over 4,500 degree granting institutions, the role that higher education has played on larger society is paramount (Thelin, 2017). However, despite the popularity of higher education institutions, the exact purpose of higher education has changed from century to century and may serve different purposes depending on who is asked. Higher education today is arguably both a public and private good. While state and federal governments have invested in a variety of higher education initiatives, as well as assisted thousands of students with attending college through loans and scholarships in hopes that students use their acquired skills and

A summary of Why Do You Think They’re Called For-Profit Colleges? The article, Why Do You Think They’re Called For-Profit Colleges? by Kevin Carey first appeared in The Chronicle of Higher Education on July 25, 2010. In this article, Carey discusses the controversy concerning the billions of dollars in federal aid money received by for-profit colleges. He introduces Michael Clifford, who, according to fastcompany.com, chairs Significant Federation, a private equity firm that is a principal investor in a half-dozen higher-education companies.

America’s education system has been in a state of distress for the past decade, but garnished headlines recently as the student loan debt crisis reached over a trillion dollars. In conjunction with that, tuition is no longer the only obstacle a student faces when considering their future. As generations come and go, universities have slowly, but surely, been angling their education in a way to favor profit over knowledge. Because of the new direction higher education models are taking, Magdalena Kay questions her readers, “is there a problem with students, with teachers, with administrators, or maybe

"A Conveyer Belt of Droupouts and Debt at For-Profit Colleges"and "The Devil and Tom Walker" may not seem to be alike at first, but as you get to read both of these exerpts a clear theme is identified. For profit colleges are not worth the financial risk, as for-profit colleges are more geared towards taking your money, as opposed to providing you with the best education it can offer.

Iris Palmer, the senior policy analyst with the Educational Policy program at New America, notes in her article The False Promise of “Free College” that there is no denying the appeal “free college” offers to students pursuing a college degree. In this article, Palmer discusses several reasons why presidential nominee Hillary Clintons’ plan for free college would not have been beneficial to the United States, or to students hoping to earn a college degree. Although the articles main focus is about the plan created by Clinton, it ultimately can be used to form an argument against the general plans for “free” college tuition as a whole. The article lists several reasons why “free” college tuition would not solve the problem of the lack of students

In 1976 the University of Phoenix was opened by John Sperling. Today this is still one of the the many for profit learning institutions, but at the time there was nothing new about for-profit colleges. These colleges have been around since the colonial era, and they were funded by entrepreneurs which in their time they were usually the high ranking clergymen. During the colonial era there were not enough places of education for everyone to learn, so these entrepreneurs created for-profit colleges, and they are still here today.

classes at Everest College were terrible and that she did not receive the appropriate job training. She ended up with a minimum wage job at Victoria Secret and wishing that she had never attended Everest College. Corinthian Colleges was recently accused of “operating a predatory lending scheme, preying on low-income students, and falsely inflating job placement numbers” (Ellis). It is in the process of selling most of its member colleges, leaving many of its past students responsible for the loans they took out. However, even though Corinthian Colleges is in the process of being shutdown, there are many more for-profit colleges still operating and using the same deceitful recruitment methods.

In the article, “College is a Waste of Time and Money”, Caroline Bird explains why higher education is not always the right choice for students after high school. The author believes that students do not come to the decision to attend college on their own but they are expected to and pressured by parents, advisors, and society. In the beginning of the article the author argues that colleges use techniques to sell themselves just like any other product on the market. They advertise what they have to offer and tell students what they want to hear. She also feels that campuses, stemming from the riots in the 1960’s, have started to

Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dot the globe. More and more impossible it is becoming to have a “rags-to-riches” scenario that used to highlight the American Dream, as if a student doesn’t have the riches to afford a higher education and the tuition that is drug upon its coattails, then our society is doomed to be clothed in rags forever, unless major changes are brought about to restructure and end the indefatigable growth of tuition rates across the board.

In the last ten years there has been a concerted movement in this country to re-design schools according to the Business Model--a movement which has recently gained an apparently unstoppable momentum. We hear continually of the university's need to open up "new markets," to learn new ways to "compete" and create new "customer bases"; simultaneously, we are bombarded with demands from the politicians and administrators who control our public funds to increase our "productivity" and "accountability." (1)

According to an article written in the New York Times, and quoted in a higher education watchdog website, “scores of students are dropping out of the University of Phoenix, the largest chain of for-profit colleges in the country, fed up because their academic experiences bear no resemblance to the promises that were made to them by duplicitous recruiters. Most of these students are leaving hugely indebted. Contributing to the poor graduation rate, current and former students who studied at University of Phoenix campuses or online complained of instructional shortcuts, unqualified professors, and recruiting abuses” (Burd, 1). There are some business organizations that do not recognize them as a credible education system. For example, I worked for the insurance company Geico, and they offered tuition reimbursement if you attend an accredited university. However because of their unorthodox style of teaching, and not being a traditional four year university, they did not recognize them as a legitimate university and would not reimburse any tuition.

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.