Saturday, April 6, 2019

Today's Schadenfreude: For Profit Colleges are Failing

I celebrate this news:
Look at the numbers. In the 2013-14 year, there were 3,122 four-year colleges according to the Department of Education. In 2017-18, the most recent data, there were 2,902 – a drop of about 7% over four years. That could be disruptive. But numerically, all of school closures since Christensen made his 2013 forecast were four-year, for-profit schools, which fell from 769 in 2013 to 499 in 2017 – a drop of 270. Of all the colleges, at all levels, that have closed since 2013, 95.5% of them were for-profit institutions.
Because I think for-profit education is a disaster that ought to disappear. For profit colleges offer essentially the same services as community colleges at higher prices, which forces many of their students into debt for little gain. Good riddance.

1 comment:

G. Verloren said...

My question is who made off with the money, and what are they doing next?

How many ex-college-presidents are running around with millions lining their pockets and impressive sounding resume credentials to help them land new positions? In a world where someone like Betsy DuVos can be made Secretary of Education, can we afford to let even more competant profiteers roam free?