Profit Colleges Vs Profit Colleges Essay

Just about everyone agrees that college should be more affordable. A century ago high school was becoming a necessity, not a luxury; today the same is happening to college. If college is essential for building a career and being a full participant in our democracy as high school once was, shouldn 't it be free, paid for by public dollars, and treated as a right of all members of our country? The average college graduate comes out of college with at least $60,000 in debt and if they went to an Ivy League should that shots up to upward of $100,000 all this debt before they even get their first real job (“Fast Facts”). This is the burden that students have to worry about and then they only have six months to find a job that can cover they loan payments, which can be as much as a couple thousand dollars a month and most working people can’t afford that. These days it is highly emphasized that the responsibility to educate the poor lies on the shoulders of the government. It should be, considering the significant hike in the tuition fees worldwide. In such circumstances, many intelligent and hardworking students miss out on studying in a university due to lack of funds. This not only demoralizes the student, but also has a negative impact on the society as it loses out on its future professionals.

Kevin Carey takes a deep look into the controversies concerning for-profit colleges. For-profit colleges have received harsh criticism from institutions because of the way they recruit new students and use the loan system to gain even more of a profit, added on to the price of schooling. Even though only 10 percent of students get enrolled, a quarter of all federal aid goes to for-profit colleges. That seems extremely unfair. Carey begins with bringing us bad news, for-profit colleges do abuse the system of student loans, however they also bring educational opportunities for those who may have not had the option to attend college.

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

Senator Tom Harkin's comprehensive report on the for-profit college industry revealed this about DeVry: tuition for an associate’s degree is 10 times higher than at community colleges, it has a dropout rate of 50 percent (60 percent for online students) within a median of 3 1/2 months; spending per student of less than $3000 per year on education, about a quarter of what is spent by the University of Illinois; a CEO salary of $6.3 million, 46 times more than the president of the University of Illinois; and evidence of deceptive recruiting of students. At least two state attorneys general, Illinois and Massachusetts, are investigating DeVry.

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.

"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.

A man in a McDonald’s uniform takes orders, and flips burgers as he thinks to himself he could’ve done much better for himself. Why would he be forced to do this? He could not afford to pay for his college and could not get a job to support himself. Education in the United States is becoming more and more expensive, and the people it is having the heaviest impact on is the graduating classes of high school students. Making public colleges have mandatory free tuition will improve the quality of living, improve the unemployed rate, and also improve parts of the economy.

Because of loopholes in the way federal educational funding is managed, it has caused an issue with military and veteran students being misled into going to a for-profit college. They are promised a degree equal to a community or state college, but some active duty service members’, veterans’, and family members’ have found that the credentials do not transfer to other colleges or are not recognized by all employers, which they do not find out until after they have exhausted their G.I. bill, taken out loans to cover the rest of their degree to graduate or dropped out. Senator Tom Harkin (D-IA), Chairman of the Senate Health, Education, Labor and Pensions Committee, set up a committee that conducted a two-year study on the troubling realities of For-Profit Schools, he says “In this report, you will find overwhelming documentation of overpriced tuition, predatory recruiting practices, sky-high dropout rates, billions of taxpayer dollars spent on aggressive marketing and advertising, and companies gaming regulations to maximize profits. These practices are not the exception -- they are the norm; they are systemic throughout the industry, with very few exceptions” (United States). For-profit colleges are abusing the system and taking advantage of the active duty service members’,

According to the Florida Department of Education, colleges are the first option for 65% of high school graduates to access higher education, and 82% of minority students attend one of Florida’s 28 colleges. Today, MDC doesn’t face an imminent threat of new entrants. One of the main reasons is that, through the years, the college has developed brand recognition. Another one is that it has a cost advantage. No accredited higher education institution charges what the college does for an Associate or Bachelor’s degree. Also, the college open-door policy is designed to help students, who need remediation, to get the skills needed for college level classes. In addition, many adult students enroll in classes for professional development, or to prepare for a new career. Furthermore, many of them are the first in their families to attend college. Nevertheless, the Honors and Early College/Dual Enrollment Programs attract some of the best and brightest minds. Finally, the college just adds more areas of study to its already extensive programs, which increases its economies of scale.

Colleges have been snowballing into profit making machines throughout the past 15 years. Students wishing to pursue higher education nowadays have to take loans and do everything they can to make minimum payments to try and pay tuition for the college of their choice. The rate of inflation of college tuition has risen immensely as opposed to the stagnant average income for most American households. College has also become more and more crucial to getting jobs and it is predicted that in the near future over two thirds of all jobs will require a college degree. With the need for a college degree increasing at an insurmountable rate the difficulty for finding the funds has also increased at the same rate. Although many believe that colleges

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

You ever watch television and see the commercials for colleges and hear the people say “this college changed my life” or hear that the school has classes for the major your interested in. Then you get the urge to go back to school and you see that there’s not much requirements to get into these schools as long as you have money for tuition. Those are what you call for-profit schools. Now the question is are these schools actually good for you? Can they help you in the long run or just give you classes and you’re on your own after you get the degree. I feel that for-profit schools should not be federally regulated because these colleges provide opportunities for students ignored and rejected by traditional colleges, they provide flexibility

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

Presently, the availability of educational opportunities at the college and university level is a critical state and personal interest given the needs of the state for a well-educated workforce which has never been greater. Too many, the focal point of attending college is receiving a high paying job in the future. Unfortunately, in most states, tuition is on the rise and students who come from low-income families find themselves struggling to fund their education. According to legislatures, “The cost of college in New Jersey, as in the nation, continues to grow faster than the rate of inflation.” (State of New Jersey 1). In the national financial aid policy resources that are typically given to the neediest families are shifting towards

In today's society colleges take the easy route in order to make it easier on themselves when in reality they are hurting the students and in doing so damaging the work force at the same time. Colleges set the students up for failure in numerous ways. From finically, socially, and not properly preparing them for the real world. Colleges are solely responsible for these problems and it is up to them to fix it. The statistics and facts are their to prove these beliefs and it's about time changes are made to protect and aid the students.