The truth behind the system of for profit colleges
Such issues led to new initiatives and rules to be set in place outlining the parameters for what should be mandated to help ensure gainful employment. Today's Paper Subscribe.
And second, the government should set up a national eligibility test to screen out students who lack the skills to attend college. Similar lawsuits face other shuttered for-profit colleges.
For profit college regulations
The proposed future of higher education looks a lot like the start of the Wall Street era of for-profit college expansion: occupational credentials in narrow fields, paid for through public financing schemes that start with exemplars of high-status white men in high-pay jobs and offer little hope for anyone else. As part of his recently released budget plan , President Obama wants to eliminate a notorious loophole that allows for-profit colleges to capitalize on financial-aid benefits afforded to U. The flexibility of online courses puts higher education within reach for people who couldn't otherwise manage it. What JJ really needed was to not need a credential at all. For some degrees, especially two-year programs, for-profit colleges have higher graduation rates than their nonprofit counterparts. That effort has included a series of high-profile lawsuits and investigations—including a federal criminal probe —into many of its colleges and, as The Atlantic reported last September , serious threats to the accreditation of institutions such as for-profit law schools, whose students pass the bar at notoriously low rates. Today's Paper Subscribe. One study found that certificate-seeking students at for-profit schools are less likely to be employed after graduation than their counterparts at other kinds of schools, and that their earnings are, on average, lower — results that held true for seven of the ten top fields of study. They pay professors to teach, not conduct research. However, in some places, community college students can't get into the classes they need or get attention from their instructors due to student overpopulation. IHEP also reported a disproportionate number of Hispanic women in for-profit college student bodies. So far, our policy has been to rely on the student loan system to finance that onus. TICAS, Abernathy said, has also urged the education department to crack down on the for-profit colleges that have manipulated their data to stay under the percent threshold, some by delaying student aid until the following fiscal year as a way to meet the requirement. New institutions and new credentials are by definition lacking in prestige, the kind of prestige that lower-status workers and students need for their credential to combat discrimination in the labor market.
The Institute for College Access and Success TICAS has described the loophole as one that allows the schools to " aggressively and deceptively recruit " veterans, servicemembers, and their families—particularly spouses—to enroll in "high-priced, low-quality programs.
For-profit colleges are far more expensive than community colleges, their closest peers, but, according to a study by three Harvard professors, their graduates have lower earnings and are actually more likely to end up unemployed.
They said that the military and other public-sector employers were shedding jobs.
The truth behind the system of for profit colleges
The bad part, of course, is that capitalists will always behave more or less like greyhounds chasing a mechanical rabbit, motivated by whatever incentives are put in front of them. New institutions and new credentials are by definition lacking in prestige, the kind of prestige that lower-status workers and students need for their credential to combat discrimination in the labor market. Janice was caught in the middle of a professionalization shift among nurses. Janice described her workplace culture to me as one where people formed alliances with people who were similar to them. Community college was infantilizing. In a country where education matters so much, we need them both. As part of his recently released budget plan , President Obama wants to eliminate a notorious loophole that allows for-profit colleges to capitalize on financial-aid benefits afforded to U. Joe Nocera nocera nytimes. A Negative Social Insurance Program Political wrangling over job statistics looks like action, but it is mostly a distraction. Aggressive marketing probably plays a role, but there is also some value in what for-profit colleges offer, which is what keeps enrollment rates up. Online programs allow students to complete courses at their own pace from the comfort of their own homes. The for-profits can offer class times that are convenient for students, rather than for professors. Your education is too important to take chances on, especially if you're seeking greater employment opportunities. Luckily, some forces are working to change that. Employer tenure for young workers has dropped at the same time that part-time and temporary work has increased, meaning many workers expect to change jobs more frequently.
Corinthians, for instance, was found to have lied about job-placement rates nearly a thousand times. Congress has considered legislation to change the rule in the past to little avail.
A negative social insurance program positions private-sector goods to profit from predictable systemic social inequalities, ostensibly for the public good.
But if we really want more people to go to college we should put more money into community colleges and public universities, which have been starved of funding in recent years. Aggressive marketing probably plays a role, but there is also some value in what for-profit colleges offer, which is what keeps enrollment rates up.
To make matters worse, these students are usually in a lot of debt.
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