For-Profit Universities As A Social Problems

For-profit schools should they be banned around the world? In "U. S Halts New Rules Aimed at abuses For-Profit colleges'‘ by Stacey Cowley and Patricia Cohen, This article is talking about how students, all around the worlds and getting financially put in dept. by for-profit schools and how they going back and forth trying to shut down the schools. Reading up on social media, they call for-profit predators for feeding them with promises that are never kept screwing them in the long run. hearing this, a for-profit school should be banned because they won't find a decent job, after graduation, they stay in high debt. after schools closed students have big issues.

Kevin Carey is direct with what he believes is wrong with for-profit universities. He believes that they do offer classes that may be a better option for non-traditional or low-income students. However, these universities are doing these while scamming taxpayers throughout the country. These universities receive millions of dollars in funding from the government in grants and are still able to make a profit, although, many students are unable to repay their student loans in a timely manner. Some personnel within these universities use tactics to convince students to apply for loans, knowing that it is not a financially intelligent decision. Not only is this borderline unethical, but many students that receive these loans default on the payments. The for-profit universities are even attempting to change the funding from the current 90/10 rule, which states, the amount of federal funding cannot exceed 90 percent of total revenue. One quarter of all of federal aid is given to for-profits, even though, they account for less than 10 percent of students. Considering this information, government funding would be better served elsewhere.

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

This means that in order to have a decent job, you usually need some type of degree or training beyond a high school education. Unfortunately, in years to come, this trend toward for-profit colleges could devastate our nation’s economy. The student loan debt in the US is roughly equal to the amount of US credit card debt, they is a frightening fact because for-profit student are more likely to default on their loans (they make up 44% of all student debt defaults), which could burst our student debt bubble. This would have devastating consequences for our government, tax payers, and possibly even the global economy. If our student debt bubble were to burst, like the housing bubble back in 2007-2009, it would have the potential to plunge us into another Great Depression. That, is

The professors hired at a Not-For-Profit College design their own courses and create their own course curriculum and lesson plan. They can provide the education in their courses with their own individual styles and lesson plans. The professors are under the guidance of the Board of Trustees, which is composed of different representatives that make decisions for the college. Not-For-Profit colleges are mainly to provide education for the student who are enrolled in their institution. The classes are usually on a campus in which the student spends a majority of their time at. The board of Trustees focuses on improving their campus for the

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.

For- profit colleges came under the spotlight during the weak job market of the last recession, education was needed in order to get a job under the weak job market which caused people to turn to for-profit colleges.

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.

For- profit schools usually spend $8 per student on research while 4,887 dollars are usually spend per student at private and nonprofit colleges. These colleges spend less on the classrooms, and the staff so they can pocket the money that the college may need. As a result of this, the graduates of these colleges struggle to find employment, and that causes other problems. Since these colleges are expensive so they students when they graduate will try to pay back their tuition fees but if they cannot pay it back then they are most likely going to drown i debt later in the future.

The degree is seen as a free (to the employer) screening tool to filter through the applicants. The employer sees the degree as a representation of the individual’s ability to learn as well as a level of perseverance desired in employees. Considering the social and economic pressures in today’s world, all individuals with the ability to attend college and achieve a degree should do so in order to better prepare themselves for a competitive job market.

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

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

Although for-profit colleges offer higher-level education to interested students, they also operate as businesses attempting to maximize profit, which raises the question: should education be viewed as a mere product/service to be sold to those students willing to pay a designated price or an enlightening experience that is fundamental to improving oneself and society? Since for-profit colleges are able to make a profit, unlike their non-profit counterparts, they have placed a larger emphasis on maximizing revenue than providing valuable education, which has led to an increase in the recruitment of students, who are the primary sources of revenue, through methods of advertising and promotion. The usage of aggressive marketing strategies has been extremely effective in increasing student enrollment at for-profit colleges by appealing to vulnerable individuals, such as veterans or high-school dropouts, with the ability to obtain a better career and life. However, in an effort to recruit more students, the advertising and promotional tactics used by these institutions have misled students by presenting false information about tuition costs and credibility of the provided education. By doing so, students who wished to participate in higher education to improve themselves have, instead, experienced mounting student debt and an inability to find a job supportive of their degree. By belittling education into a

In addition, these for-profit institutions have a hidden agenda of luring specifically low-income students. Schools advertize to poor students because they want to receive the maximum amount Title IV federal student aid. “With billboards lining the poorest neighborhoods in America and recruiters trolling casinos and homeless shelters (and I mean that literally), the for-profits have become increasingly adept at pitching the dream of a better life and higher earnings to the most vulnerable of society.” (Eisman 2) Marketing to a less fortunate demographic while promising a better quality life is an offer no poor student could resist. Besides preying on low-income students, poor quality education is another

“I have written job descriptions. I have written the hiring qualifications for various positions. There have been times that one of the jobs I was hiring for had the qualification of ”Degree required.“ More often than not, this means a four-year degree required. Yes/No. Black/White. It’s a toggle switch. ”Yes“ means the candidate moves to the next pile of potential hires. ”No“ means… well, it means no. No, you don’t have an opportunity to interview for this job.” Wrote The Pros and Cons of Attending College - Is College For Everyone? Website. Writer Tia Ghose, “Is College Worth the Money.” Captured the concept of the employer only too well. “As an employer, here’s what a four-year college degree signifies to me, beyond subject knowledge: You know how to set and achieve long-term goals (i.e. ’graduate from college’).You know how to be a part of a team — not necessarily sports related (there are few college graduates who have not had to work on at least one team project). Often times, you are self-motivating and know how to speak in front of a small group, know how to make a simple presentation and understand the concept of deadlines and consequences for missing those deadlines.” She