Education has become a commodity for most people these days, it is best to shop around for the best deal.
Instead of "Health Care Reform" (which was nothing other than stealing our health insurance), Congress should have held hearings and subpoenaed college and university officials and professors.
These people are running a Ponzi scheme.
But, that won't ever happen. To get to the truth means goring a sacred cow of Democrats - the "education" lobby. Further complicating the search for the truth are racial preferences in admission (affirmative action) and tuition price paid by whites versus everyone else.
Even further preventing the light of day shining on this scam is the PC and moral degenerate agendas of the colleges and universities, which (what a coincidence!) is the same agenda of the Democrats.
It all for the “children” and the Congressional ACORN brothels.
It costs money, but then it’s hard to put a price on a Women Studies degree from Cornell /s
Are there great teachers and sharp students? Absolutely yes.
However, since acquiring the formerly nonprofit college the new corporate overlords have instituted a culture of fear via layoffs and by summarily firing faculty and staff that has employees running scared. Recently one professor, retired military officer, worried out loud that his phone was being tapped.
I cannot speak for other for profits, but this one seems to specialize in marketing 'college' to the offspring of parents who never attended any institution of higher learning.
I taught briefly for the University of Phoenix. Never again. While many students benefit probably walk away satisified from UoP, their recruiting tactics are predatory to say the least. They literally pull people in off the streets and sign them up. Most of the students recruited are very marginal to begin with. Also their classes are long (as much as 5 hours per night) and short (5 weeks). This model forces students to take a lot of classes in a short period of time. It is intense enough that the already marginal students experience a high drop out rate—in my class, it was not uncommon for half (or less) to finish. But UoP doesn’t care—as long as it gets its tuition $$. There are always more suckers.
Eisman is one of the first people to recognize the bubble and fraud in the housing industry & made a lot of money on the short side & with credit default swaps. He’s one of the people profiled in the book, “The Big Short.”
If republicans wanted to get some votes and have some fun with college profs they should allow college loans to default if young people can’t find work. Tuition would drop by 25% in two years.
For example he chastises the for-profits for letting anybody in for the money, but state schools call this "open-enrollment" so as to not prevent anyone the opportunity for an education. The accreditation process...yep, the same for state schools - peer review boards.
The simple truth is, if government was not dumping more and more money into education then this issue would not even be an issue. And BTW, you would also discover that those virtuous state schools might actually have to reduce costs and not be on the 5, 6, or 7% autopilot rate increases they are so prone to do as they suck up every ounce of subsidy money...for the children!.
The government needs to get out of guarantee loan programs. I a loan doesn’t make sense in the free market then why should the tax payer / consumer be hook to pay back loans?
A quote from late in the article:
“The latest trend of for-profit institutions is to acquire accreditation through the outright purchase of small, financially distressed non-profit institutions. In March 2005, Bridgepoint acquired the regionally accredited Franciscan University of the Prairies and renamed it Ashford University. On the date of purchase, Franciscan (now Ashford) had 312 students. Bridgepoint took that school online and at the end of 2009 it had 54,000 students.”