Posted on 03/29/2011 9:46:30 PM PDT by TheDingoAteMyBaby
Same goes for traditional colleges - so whats the diff ???
Both churn out their fair share of expensive, worthless degrees, but for-profit colleges (for the most part) aren't a slush fund for Democrats, so they get attacked in the media.
And they aren’t tax money sinks either.
I would be concerned that employers are inclined to disregard graduates of for-profit schools, only based on comments I’ve heard from managers.
“Same goes for traditional colleges - so whats the diff ???”
Accredited schools have to meet certain standards, which are not so high these days, but are MUCH HIGHER than high schools. So, if you hire someone with a college degree, chances are they can read and sign their name.
For-profit schools simply are not looked at as real, by employers, since they essentially police themselves and they simply haven’t convinced companies that they have real standards...even if they do.
Now, these for-profit schools could go to those same accreditation agencies and apply to get accredited...but they don’t seem to want to do that - not sure why.
A simple rule about higher education:
If a school advertises during the Jerry Springer Show....it is not a good school.
I hate that the taxpayer has to foot the bad loans. Make the for-profit schools eat the loans...and stop the welfare program for the for-profit schools
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That's the difference. Eleven percent of the loans make up almost half the defaults. Quite a few of these outfits are scam operations. I've seen some of their tactics up close.
This of course, is not a surprise. If the student had the smarts to get into a higher caliber school, they would be more employable when they left. The issue is as much about the caliber of graduate as it is about the quality of education.
Government schools leave the entire Nation in debt with no prospect of jobs!
It is already a fact that most college grads go back home to live, with 80% of them without a job. So, the loan default it higher with the “private for profit schools”?
The “non profit” colleges aren’t doing so great either.
The default rate is a red herring.
College is a government backed bubble. It is going to burst.
All colleges are for profit these days. There is no bigger racket than higher ed. The taxpayers should not be funding any of them.
Propaganda from the democrat party’s unionized collge staff.
The Government also NOW OWNS all student loans.
They will get their money back, regardless with “school” the loan was for.
The loans aren’t dischargable in bankruptcy. In fact, they now will fall unto any children the borrow has, until it is ALL paid back.
I swear this is true:
Hedge fund con artists are shorting for profit education while bribing democrat party hacks to issue criticism against the industry.
Reference:
Where did you get that idea?
That sounds like fraud.
You are correct that federal student loans are not dischargeable in bankruptcy absent a showing of hardship, which is very difficult standard to meet.
However, I know of no law that binds the borrower's children unless they actually co-sign the loan (assuming they are of age to do so). Can you cite a source for that proposition?
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