For-profit Institutions

For-profit students borrow more, but don’t earn more

For-profit college students borrow more than community college students, but don’t earn more, concludes a Center for Analysis of Postsecondary Education and Employment (CAPSEE) working paper. Six years after enrollment, for-profit students are more likely than community college students to have earned a certificate or associate degree. They have lower employment rates and earnings compared […]

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Accreditors: Jellyfish or thugs?

“Are accrediting bodies toothless jellyfish, or jackbooted thugs?” asks Matt Reed on Confessions of a Community College Dean @insidehighered. Accreditation agencies enforce a producers’ cartel, argues Andrew Kelly in Forbes. It’s hard for new providers to get approval if they don’t resemble their predecessors, “but once you’re in the club, it’s remarkably rare to get kicked out.” […]

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Trained, jobless and in debt

Joe DeGrella of Louisville trained as a cardiology technician but works at AutoZone. Credit: Luke Sharrett for The New York Times Millions of laid-off Americans have used federal aid to train for new jobs, reports the New York Times. Yet many end up jobless and in debt. It’s not clear the $3.1 billion Workforce Investment Act […]

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CC, for-profit grads look the same to employers

Job seekers are as attractive to employers with a for-profit certificate or degree as with a community college credential, concludes a Calder working paper by five economists.  The study tracked callbacks by employers in response to fictitious resumes. Applicants with “some college” did little better than those with just a high school diploma. Again, employer responses […]

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Higher ed a la carte

Should students loans be available for job training?Accreditation is a higher ed cartel, argues Sen. Mike Lee, a Utah Republican, on The Federalist. He proposes letting states accredit alternative postsecondary programs, such as job training, apprenticeships, hybrid on-campus/on-the-job models and distance-learning options. People seeking skills — but not necessarily a degree — could assemble the education […]

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Vets choose for-profits over public options

Thirty-one percent of military veterans enrolled in for-profit colleges in 2012, up from 23 percent three years earlier. Only 50 percent chose public colleges, down from 62 percent. For-profit colleges use aggressive marketing to lure vets — and their generous GI Bill funding — complains Iowa Sen. Tom Harkin a new report. For-profit colleges received $1.7 billion […]

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CCSF was ‘too big to fail’

City College of San Francisco has dodged a closure order and won two more years to improve, writes Kevin Carey, who directs education policy for the New America Foundation, in the New York Times. With 77,000 students, CCSF proved to be “too big to fail,” despite “chronic financial and organizational mismanagement.” The Accrediting Commission for Community and […]

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Corinthian crashes

Under investigation for falsifying job placement rates, for-profit Corinthian Colleges will sell 85 campuses and close 12 others. The national company runs Everest, WyoTech and Heald career colleges. The Department of Education had put a hold on Corinthian’s access to federal student aid. Under an agreement reached last week, the DOE will provide $35 million in student […]

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Ed Trust: Cut off aid to low-quality colleges

Every year, $15 billion goes to “college dropout factories” and “diploma mills,” according to Tough Love, a new Education Trust report. These are four-year colleges and universities in the bottom 5 percent nationally in graduation rates and student loan repayment rates. In addition, some institutions — including some state universities — admit few low- and moderate-income students eligible for […]

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For-profits offer flexibility — at a price

For-profit colleges charge $35,000 for an associate degree, on average, more than four times the cost at the average community college, writes Ashlee Kieler in the Consumerist. Why does anyone go to a for-profit college? Flexibility and convenience draw many students, she writes. And for-profit colleges spend heavily on marketing. In 2000, for-profit colleges enrolled 3 […]

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