Are For-Profit Degrees Worth It?

Are For Profit Degrees Worth It?

Several charges are laid at the feet of the “For-Profit” college system. When compiled from various sources, the charges reverberate: “negative effects.” Among the charges are, unethical business practices and fraud; aggressive, illegal, unethical “recruiting practices; “marketing heavily to poor populations, and enrolling students and saddling them with debt.” For-profit institutions have no show of “long-term outcomes” critics say, and that they are tapping what amounts to be a “$500 Billion dollars” a year market: of Government’s Student loans and Pell Grants. Further, the schools are “pumping out degrees with learning outcomes a step above a paper mill.” (financemoney.com). But, is there another side?

A Contrarian’s View

I take a contrarian’s view. Agreeably, there are no excuses for what turned up in an investigation and Senate’s report from the Government Accountability Office: that “Recruiters from for-profit schools obtained $24 billion in student loan and grant money for the 2008-2009 school year” (ABC News Investigates); but “For-profit” institutions have their place in a free market. I cannot explore the depth here. So, “Are For-Profit Degrees Worth It? Let’s find out “at what cost? According to College Navigator, University of Nevada-Reno is the least expensive college in America and the most expensive college is, Sarah Lawrence College in Bronxville N.Y., according to Wikipedia. Both colleges are traditional, brick-and-mortar institutions, and yes! For-profit schools would cost more. So now it’s about career choice, location preference, and cost.

Accreditation

Regional Accreditation should be foremost to consider when looking at colleges: no matter if the institution is brick-and-mortar, online, private, for-profit or non-profit. But the focal question remains: Are For-Profit Degrees Worth It? My short answer is “yes!” Following are my thoughts.

Costs, is associated with everything and anything. So first,let’s attach cost to our “fully accredited degree.” Looking at face value, that’s an expense. Second, is: perception. I call this “intrinsic value” and connect it to quality. Third, is the degree “useful?” By this I mean am I able to transfer the information, knowledge, techniques, and skills into real life situations? Here, too, the short answer is yes! If unemployed, I’ll start my own company. No school can “guarantee” any one person a job or success. Degrees from regionally accredited schools potentially open doors of opportunities. Jones International University is one excellent regionally accredited “for profit” institution, I recommend it if you are looking for a school.

Sources

Cuomo, C, Vlasto C, Wagschal, Pearle L. and Andreadis C. (2010, August 19,). ABC News Gets Answers

for Student Who Claims She Was Duped by Online School: ABC News Investigates For-Profit Education: Recruiters at the University of Phoenix: ABC NEWS. Retrieved on March 28, 2011, from http://abcnews.go.com/TheLaw/profit-education-abc-news-undercover-investigate-recruiters-university/story?id=11411379

Finance my Money. (n.d.). A Degree in Massive Debt (MD) : For-profit and private schools using the budget

problems in state schools to lure in more students into debt. The extraordinary cost of going to college in the United States. Retrieved on March 28, 2011, from http://financemymoney.com/massive-student-loan-debt-for-profit-and-private-colleges-lure-students-into-deep-levels-of-debt/

Finance my Money. (n.d.). Student loan market created a tuition bubble rivaling the housing bubble.

When banks and government subsidize markets the average American gets an education in debt serfdom. For profit schools dominate the Pell Grant market. Retrieved on March 28, 2011, from http://financemymoney.com/student-loan-market-college-loans-for-profit-education-pell-grants-debt-educational-outcomes-bubble-in-higher-education/

Finance my Money. (n.d.). How the Banking Industry has Created a Bubble in the Student Loan Market and

Inflated Prices in Education by 500 Percent since the 1980s. The $500 Billion Student Loan Market. Retrieved on March 28, 2011, from

http://financemymoney.com/banking-industry-student-loan-market-and-inflated-prices-in-education-by-500-percent-since-the-1980s-the-500-billion-student-loan-market/

Infoguy, W. (n.d.). List of Least Expensive Universities in America: Cheapest Colleges. Retrieved on March

29, 2011, from http://www.ranker.com/list/cheapest-colleges/web-infoguy

http://nces.ed.gov/collegenavigator/?q=University+of+Nevada+Reno&s=all&id=182290#expenses

Online College Accreditation Meaning: Regional Accreditation vs National accreditation

for Colleges. (2011, March ,1). Posted in Distance Learning Courses, Distance Learning Degrees. Retrieved on March 28, 2011, from http://www.job-interview-site.com/online-college-accreditation-meaning-regional-accreditation-vs-national-accreditation-for-colleges.html

For Profit School. (n.d.). retrieved on March 28, 2011, from http://en.wikipedia.org/wiki/For-profit_university