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For Profit Colleges
By: Jaron Tsukamoto
What is a for Profit College?
They are specialized colleges in certain field such as
nursing, information systems, etc.
They attract non-traditional students who may already be
working
Programs usually are 2 years or less so students can get out
faster
About 2.9 million people are enrolled in for profit schools
ITT Tech Failure
Misleading job placement rates
Saria Gonzalez
Said 100% of people at Norwood campus found jobs but number was actually less
than 50
No Accreditation
Nursing program
Expensive Private Loans
Exceeded 16% interest rate plus 10% origination fees (7% federal loans)
Questionable Coursework
The Accrediting Council for
Independent Colleges and
Schools (ACICS)
Without accreditation people can’t get federal loans
ITT tech had 52%, which was below the 60% minimum
ACICS still approved them
Corinthian Colleges fined for overstating job placement
21% of students defaulted on loans three years of leaving
school
Questions?
What is the Department of Education doing to control the
approval process for ACICS?
Is it ethical for these for profit colleges to target low income
students?
Should for profit companies be forced to pay back students
who don’t land a job after being promised one?

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Show and tell bus ethics

  • 1. For Profit Colleges By: Jaron Tsukamoto
  • 2. What is a for Profit College? They are specialized colleges in certain field such as nursing, information systems, etc. They attract non-traditional students who may already be working Programs usually are 2 years or less so students can get out faster About 2.9 million people are enrolled in for profit schools
  • 3. ITT Tech Failure Misleading job placement rates Saria Gonzalez Said 100% of people at Norwood campus found jobs but number was actually less than 50 No Accreditation Nursing program Expensive Private Loans Exceeded 16% interest rate plus 10% origination fees (7% federal loans) Questionable Coursework
  • 4. The Accrediting Council for Independent Colleges and Schools (ACICS) Without accreditation people can’t get federal loans ITT tech had 52%, which was below the 60% minimum ACICS still approved them Corinthian Colleges fined for overstating job placement 21% of students defaulted on loans three years of leaving school
  • 5. Questions? What is the Department of Education doing to control the approval process for ACICS? Is it ethical for these for profit colleges to target low income students? Should for profit companies be forced to pay back students who don’t land a job after being promised one?