For-Profit Colleges
A for-profit college is a college owned by a private corporation or institution that charges you for your tuition but that money doesn't go towards your institution. A case of someone who has experienced going to a for-profit college is Patricia Ann Bowers who was a student at Everest College, owned by Corinthian College.
While Bowers was student there, she asked for time off since her son had committed suicide, the college discouraged her doing so, however they promised they she was be able to take her classes again if she were to fail them, for free. However, Bowers had to pay for her coursework to retake the classes, then the school shut down which left her will a lot of debt. Bowers wasn't the only one either, many students asked for their loans to be taken off of them because of the school closing
Statistics show that for-profit colleges have been a big part in the student loan crisis, between the years 2000-2014 the numbers of students holding student debt has risen up to 42 million and the total amount of debt needed to be payed is over $1 trillion. The increase of debt has also increased the amount of borrowing money. Another way for-profit colleges can get to students are by advertisement, they usually show up in commercials showing an older person who wants to get their degree in a specific field or a mother wanting to go back to school while raising her kids. They have a way of targeting a certain audience and it attracts them.
These articles were very helpful in researching about for-profit colleges and also informed me of why it is not a good choice to enroll in one of them and also how to avoid. I recommend that anyone looks at either one of these articles before enrolling into college and also look up known for-profit colleges to avoid.
While Bowers was student there, she asked for time off since her son had committed suicide, the college discouraged her doing so, however they promised they she was be able to take her classes again if she were to fail them, for free. However, Bowers had to pay for her coursework to retake the classes, then the school shut down which left her will a lot of debt. Bowers wasn't the only one either, many students asked for their loans to be taken off of them because of the school closing
Statistics show that for-profit colleges have been a big part in the student loan crisis, between the years 2000-2014 the numbers of students holding student debt has risen up to 42 million and the total amount of debt needed to be payed is over $1 trillion. The increase of debt has also increased the amount of borrowing money. Another way for-profit colleges can get to students are by advertisement, they usually show up in commercials showing an older person who wants to get their degree in a specific field or a mother wanting to go back to school while raising her kids. They have a way of targeting a certain audience and it attracts them.
These articles were very helpful in researching about for-profit colleges and also informed me of why it is not a good choice to enroll in one of them and also how to avoid. I recommend that anyone looks at either one of these articles before enrolling into college and also look up known for-profit colleges to avoid.
Comments
Post a Comment