Thomas Grimes Edison State “Bankruptcy University the Truth on for Profit Education”

In the past several months there has been a major effort by the Obama administration to show that for profit schools such as University of Phoenix and Kaplan University for example are giving students false information and hopes when recruiting them to attend their schools. Data from these for profit schools have recently shown that the students ability to repay the loans which they have borrowed from the Federal Government  are very often not repaid and in default. These for profit education schools are also shown to charge far more than that of a community colleges and public universities for the same courses. The for profit schools of this type often are only online and often charge more than private well recognized ivy league schools in many cases for credit hours taken. The Department of Education has recently stopped short of calling the schools fraudulent scams and are considering cutting their ability to receive Federal funds from the government. The schools state that they are being targeted and that they provide a necessary service to students who cannot attend traditional colleges. They state that if they are cut from Federal funding, which can often be 90% of the schools income that the government will perhaps in effect put them out of business. They state this would leave their current students without degrees and in deep debt with nothing to show for it, and may plan to sue if they are shut down for the loss in revenue. I want to know what others think about this dilemma please leave comments. I have posted some links to articles below on the topic.

http://video.pbs.org/video/1485280975/

http://articles.latimes.com/2010/aug/09/opinion/la-ed-college-20100809

This entry was posted on 28. August 2010 at 12:11 and is filed under Social Problems. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.