Profit Education Is A Higher Education University

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.

There is no escaping the fact that the cost of college tuition continues to rise in the United States each year. To make it worse, having a college degree is no longer an option, but a requirement in today’s society. According to data gathered by the College Board, total costs at public four-year institutions rose more rapidly between 2003-04 and 2013-14 than they did during either of the two preceding decades (Collegeboard.com). Students are pressured to continue into higher education but yet, the increasing costs of books and tuition make us think about twice. Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts. It is important to find the means to prevent these

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

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:

"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.

Every college student is either getting help from the federal government through financial aid or have to take out a loan to pay for college. That is why I choose a satire video from John Oliver which is about student debt. In the video John Oliver talks about how student debt follows you for your whole life, he liked to make funny comments and make metaphors to help relate the topic for different people to understand. His main topic for this video was on for-profit colleges and how those colleges take advantage of student loans from those in low economic statues. As I listened to the video I was able to identify a theory and a concept that relate to the course content.

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

One of the main reason that put most college students in debt is tuition. The average cost of tuition is increasing each year. In the article “The Student Debt Crisis at State Community Colleges”, Quinton says that plenty of community college students graduate drop out and an increasing number of students are taking on debts they cannot pay back because of the tuition (2016, para 3). This shows that college tuition is the reason why students are being pushed aside from college. Tuition costs are considerably lower at community colleges than a 4-year college. They keep their doors open to everyone and everyone gets a chance at community colleges. Research shows that even though for profit

Texas Christian University is a private institution located in one of the nation’s largest metroplexes. Like many other privately funded universities, it has succumbed to one of the most concerning issues for millennials and their parents today: increasing tuition annually leading to the overall problem of student debt sweeping the country. Since 2010, tuition has increased by $12,580 for TCU students, creating an increasingly large burden for students who value a small-knit community at a university where professors know your name and you have a personal identity and not just an ID number. It’s important for Chancellor Boschini and the TCU Office of Finance and Administration to hear the worries of students and their parents, and to consider

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 1958, the National Defense Education Act provided college students up to one thousand dollars a year in loans, but the average annual loan was actually only five hundred dollars or less because students could afford the rest of tuition on their own. Interest began at three percent a year after graduation and could usually be paid off in ten years. (Good 590-591) These statistics are a far cry from today’s, with student loan debt surpassing one trillion dollars and many graduates paying off loans well into middle age. As a result of the government shelling out billions of dollars in loans and inflation, colleges have had to increase their tuitions thus creating a college “bubble”. In the past year or so many political leaders have proposed plans to pay for two years of community college, such as President Obama, or for a full four years, such as Bernie Sanders, a frontrunner for the democratic candidacy. Even states like Tennessee,

David Leanhardt a correspondent for the New York Times stated in The College Dropout Boom that often times the thought of high tuition prices scare students away, especially lower-income students, before they even think about attending a college (92). And there is good reason for this. With the average four year degree costing $91,304 at public colleges and $179,000 at private universities (Merrow), tuition prices are ridiculously high. How are people expected to get an education with school costing so much? In the article Angela Whitiker’s Climb Isabel Wilkerson tells of Mrs. Whitiker’s near impossible climb out of poverty and into the upper-middle class. Ms. Whitaker, faced many struggles on her way up the ladder, but she worked hard, and eventually she wound up on top. Still through all of her hard work she could not have gotten to where she is now on her own. She needed someone to support her and her family emotionally, physically, and financially just for her to graduate with an Associate’s degree (202-16). It took a lot of time and effort for Mrs. Whitiker to get out of the place she was born into, and at times it looked like she would never get out, but she pushed forward, and lucked out. Most people don’t have the drive Mrs. Whitiker had, many students simply leave college when they begin to feel the pressure. In a study over college students, Merrow found that

McDonalds is a multibillion dollar company and the key to their success relies on their uniformity and standardization of products and service. Many company’s and business seek to replicate their success one business venture in particular is the industry of for profit colleges. These for profit colleges are trying to copy McDonald’s supremacy over other competing business by trying to replicate there vast customer variety and fast quick service. In this specific case of profiting colleges they are trying to draw in more students then community, private and public colleges. What these for profit colleges are doing are occasionally illegal and feed their students false hopes of high paying jobs and brighter futures.

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.