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Toxic For-Profit Colleges

3:19 PM  Pisstol Aer   Labels: , ,


With high student loan debt burdens making the news, it's important to distinguish non-profit (whether public or private higher education) from profit-making institutions who exemplify so-called "free enterprise" gone amok which, according to a U.S. Senate report, result in: 

  • Staggering investment of tax dollars
  • Sky-high tuition 
  • Predatory recruiting
  • Too many students leave with debt, but no degree
  • Billions in taxpayer dollars diverted to marketing, executive salaries, and profits
  • Gaming the regulatory system to maximize profits
Read the details in the Harkin report summary:  http://www.help.senate.gov/newsroom/press/release/?id=45c8ca2a-b290-47ab-b452-74d6e6bdb9dd
Borrowing to invest in your human capital to enhance your future earning power (along with making you an educated adult) can make sense. But For-Profit colleges are often a poor choice. Consumer Due Diligence is strongly recommended. For-Profit institutions are often toxic for taxpayers as well as for students.
 
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Toxic For-Profit Colleges
Toxic For-Profit Colleges
Reviewed by Pisstol Aer
Published :
Rating : 4.5