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Are For-Profit Colleges Threatening Not-for-Profit Colleges?
MainStreet.com ^ | 8-21-13 | Michael P. Tremoglie

Posted on 08/21/2013 1:34:01 PM PDT by William Tell 2

A lot of people have been complaining that for-profit colleges are merely diploma mills only interested in earning money and not educating students. Is this true?

That's not true, according to Frederick M. Hess, a resident scholar and director of education policy studies for the American Enterprise Institute, a free market think tank.

"It is a simple-minded assertion...

(Excerpt) Read more at mainstreet.com ...


TOPICS: Business/Economy; Culture/Society; Government; Miscellaneous
KEYWORDS: colleges; congress; education; mediabias

1 posted on 08/21/2013 1:34:01 PM PDT by William Tell 2
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To: William Tell 2
I've often wondered if a diploma from the “University of Phoenix”,for example,has as much economic value as does one from,say,Iowa State.
2 posted on 08/21/2013 1:38:27 PM PDT by Gay State Conservative (If Obama Had A City It Would Look Like Detroit)
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To: William Tell 2

While this may be an overgeneralization, colleges that subsist on Federal student loans (private or public) are just different ways of profiting off of feeding from the federal teat. Does anyone think that tenured profs and administrators at public colleges don’t make a lot of money?


3 posted on 08/21/2013 1:40:30 PM PDT by ModelBreaker
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To: William Tell 2

The thing that both the for-profit and not-for-profit institutions are best at is signing up students for student loans and transferring the proceeds to their own accounts.


4 posted on 08/21/2013 1:41:04 PM PDT by E. Pluribus Unum (Who knew that one day professional wrestling would be less fake than professional journalism?)
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To: William Tell 2
Are For-Profit Colleges Threatening Not-for-Profit Colleges?

Considering how bloated and expensive the non-profit colleges have become, it's good that something is threatening them.

5 posted on 08/21/2013 1:43:10 PM PDT by KarlInOhio (This message has been recorded but not approved by Obama's StasiNet. Read it at your peril.)
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To: Gay State Conservative
"I've often wondered if a diploma from the “University of Phoenix”,for example,has as much economic value as does one from,say,Iowa State."

That's a good question, but also consider this. Some of the most well-to-do alumni of universities have some say in determining contents of courses, hiring of instructors, sponsoring the media, hiring policies for global corporations, administering social trends, choosing candidates for both political parties and telling the politicians what to do. Do we really want to support those ongoing activities?


6 posted on 08/21/2013 2:02:32 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: E. Pluribus Unum
The for-profit schools have made a vastly disproportionate number of the loans that have defaulted. This has largely gone unnoticed in the general bashing of the non-profit higher education sector.
7 posted on 08/21/2013 2:10:48 PM PDT by riverdawg
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To: E. Pluribus Unum
The thing that both the for-profit and not-for-profit institutions are best at is signing up students for student loans and transferring the proceeds to their own accounts.

Indeed. There is no such thing as a not-for-profit university. It's just a matter of who pockets the profits.

8 posted on 08/21/2013 2:16:48 PM PDT by Paine in the Neck (Is John's moustache long enough YET?)
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To: riverdawg
The for-profit schools have made a vastly disproportionate number of the loans that have defaulted.

In real numbers or as a percentage? It seems to me the media have been singing about the evils of the for profits for a couple of years now while ignoring the problem at the traditional non-profit colleges. I'm just wondering about the actual numbers since I've had the feeling that the non-profit schools were putting that bug in the drive by media's ear in an attempt to tighten regs against the for profits so that they (the non-profits) could ultimately fatten their own coffers.

My son in law (a successful big law attorney who has many years since paid off his student loans) tells me that in his single days his loans used to go into default pretty regularly - after he missed two payments. I've seen default defined in these articles as missing a year's worth of payments, but according to my son in law it's much easier than that, or at least it was for him.

9 posted on 08/21/2013 2:25:25 PM PDT by old and tired
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To: William Tell 2

Nonprofit schools are more prone to be diploma mills because there is no profit motive that holds them accountable for failure to teach. They are notorious for grade inflation, politically correct junk courses like women’s studies, and giving jocks and minorities a pass.


10 posted on 08/21/2013 2:28:19 PM PDT by Socon-Econ
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To: riverdawg
The for-profit schools have made a vastly disproportionate number of the loans that have defaulted. This has largely gone unnoticed in the general bashing of the non-profit higher education sector.

And the vastly disproportionate number of for-profit loans have gone to "minority" students, since it is for all practical purposes illegal to deny a loan to a "minority."

11 posted on 08/21/2013 2:57:47 PM PDT by E. Pluribus Unum (Who knew that one day professional wrestling would be less fake than professional journalism?)
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To: ModelBreaker

I’ve always found it interesting that once a student has qualified for loans the school gets the whole amount whether you need it or not - this is a rat money laundering operation, pure and simple. It comes from the taxpayers, is laundered through the loan and goes to a liberal money-sink (the college) to support liberal causes.


12 posted on 08/21/2013 5:23:33 PM PDT by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
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