For-Profit Colleges, Are They Friends or Foes?

17 Sep

For some of you thinking to go to a for-profit school, you might want to reconsider the decision. The primary goal of for-profit school is making money. Making money is their BUSINESS. Your success is not their priority.
For-profit make money by:

  • enrolling more students,
  • charging students higher tuitions and fees,
  • paying less to instructors, and
  • receiving more government grants by increasing student enrollment.

Some For-Profit schools are so mismanaged that they have filed bankruptcy or shut down. As a result, former students at these schools are left without a degree or certificate. These students have a trouble receiving a transcript from closed for-profit school in order to transfer class credits to other schools. Some may be left with huge amount of student loan in the middle of semester with no money back.

Here are some numbers:
The comparison data below is taken from “For Profit Higher Education: The Failure to Safeguard the Federal Investment and Ensure Student Success” prepared by the Committee on Health, Education, Labor, and Pensions United States Senate, in July 30, 2012.”

ForProfitCost

It is obvious that you pay more to for-profit schools for the same degree. Why do you want to pay more for getting the same thing? You might say, “I have a full time work and need to support my family. I can’t go to school during a day.” It is true that For-Profit schools serve more “non-traditional students” who are working adult students requiring flexible schedules.
I want you to investigate community college. Many community colleges offer great benefits such as:

  1. many classes are available in the evening or on-line,
  2. many courses are transferrable to 4-year college,
  3. technical classes, for example, dental hygienist or auto mechanic, useful for landing on a job quickly,
  4. Instructors at community college tend to have more real-world working experiences – great for job searching help.
  5. affordable and flexible – some States such as Tennessee and Oregon offer free community college courses for their State residents.
  6. smaller classes – easier to make friends and ask questions and get help. 

For-profit might make things look easy and sounds wonderful when they are recruiting new students. But, wait. Do Your Homework! Find which community college has a program interest you.

 

 

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