Tuesday, October 7, 2014

An example from Carey is that a quarter of all federal aid goes to for-profits but only 10% of college students attend those schools. A quote from “For-Profit Colleges Deserve Some Respect” by Seiden, furthers this example. “For-profit universities view their students as customers, and to attract and retain those customers, degree programs and curricula must be market-driven.”

An example from Carey about loans is that the University of Phoenix received $4 billion in loans in one year. A quote from “For-Profit Colleges, Vulnerable G.I.’s” by Holly Perteaus, elaborates on this example by stating the jump in the amount of money from soldiers entering for-profit schools. “Between 2006 and 2010, the money received in military education benefits by just 20 for-profit companies soared to an estimated $521.2 million from $66.6 million.”

A comment about the For Profit Recruiters and the Pain Tunnel, helps to illustrate the most of the money made by for-profits’ is from student loans. “To prevent overborrowing and to protect the taxpayer from loan losses, the best solution I can think of is to limit loan funding to direct cost only for less than full time and online students,” stated by BR. This some what of a solution to a major issue but by no means a big enough solution.

Another comment about the For Profit Recruiters and the Pain Tunnel, argues that people should not just be mad about the amount of money spent on for-profit schools but also that spent on all other colleges to. “Where's the crusade against traditional college and university tuition and fees which consistently outpace cost-of-living indeces?!” stated by EricFS. Many students are in debt all over the country due to student loans taken out for all different types of colleges.

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