Overview• How new for-profit universities are transforming the way we think about college in America.
Definition:• For profit education denotes to educational institutions, activated and operated by private and profit seeking businesses.• Federal data causes a great amount of debate about the pros and cons of for profit colleges and the moral practices within these colleges.• The Obama government has been called in to regulate the standards of the for-profit colleges as new allegations emerge about the quality of teaching and after college
Did You Know?According to Federal government data released in May 2011… For-profit colleges dedicate less than one third of what public universities spend on educating students? AND they charge almost twice as much as their non-profit competition for enrolment?
Did You Know? According to the National Center for Education Statistics… …students who have completed bachelor’s degree programs at for-profit schools are a lot less likely to graduate than students who have completed degrees at public universities or private non-profit schools.
Did You Know?1 in 5 graduates from for-profit bachelors degreeprograms within 6 years. In direct comparison tomore than half of students at public universities.
PROSSupports claim that For profit schools operate more Supporters claim that the people effectively there really want to learn therefore there is less dead weight Responsive to the needs of adult learners, who have many commitments such as: family and jobs.
PROS Drive for new customers pushes them to improveand be innovating at a fast rate in order to attract new customers. Positive for investors and the private businesses that support and finance the Universities: so it is a win-win.
CONSAs a result of the extremely quick growth of for-profit schools, there have been scarce methodicalstudies of their long term influence and efficiency. People who disagree state that education is not a business and should not be used to make a profit. In fact in 2000 Bob Chase, president of the National Education Association stated “Education children is very different from producing a product.”
CONS There have been various lawsuits, suing some profit making Universities for incomplete training. It is very easy to sign up to many for-profit universities, and the Recruitment managers want to increase their student income level So focused on making a profit that they that then pre-requisites have could fail to ensure students have been overlooked therefore will have enough money to payunderpreparing students for the back the debt. Ultimately this course load. leaves the student in heavy debt at a very high inflation rate