If the for-profit "universities" like Kaplan and Phoenix train their students as well as they claim, and if their students really get all the great-paying positions they brag about in the television commercials, then these "universities" should be willing to provide the financing for their students. Wouldn't this be a great investment? Not only would they make their outrageous profits on tuition and fees, but they would also recover the interest on the student loans. This seems to be a win-win situation, and I don't understand why these "universities" would even want their students to apply for federal financial aid.
Unless it's all bullshit, of course.
Thursday, June 30, 2011
Subscribe to:
Post Comments (Atom)
8 comments:
LOL!
Yes, indeed. It's 100% bullshit. Sadly, the majority of their students don't realize that until it's too late, and they're saddled with $100K in student loans, and can't find a job because their degrees are from fly-by-night schools. :-(
Graduates of accredited "real colleges" are having a hell of a time finding jobs right now, so it must be doubly hard for students at those for-profit places.
The Washington Post, I learned today, owns Kaplan, which in turn owns at least one university and a law school.
WHAT?!?!?
As my grandmother would say: "Jeezus GAWD." More people need to know this curious fact, Prof. Zero.
Kitty, see: http://www.washingtonpost.com/business/the-trials-of-kaplan-higher-ed-and-the-education-of-the-washington-post-co/2011/03/20/AFsGuUAD_story.html?hpid=z8
And: http://portal.kaplan.edu/
The law school is online and costs $10K per year. http://www.concordlawschool.edu/index.asp
It is not one of the top 100.
BTW, Dr. Angry: There's a new Ask Mom™ post up at E&P. Your questions for her always elicit the best advice...so stop on by. :-)
They don't provide financing for the the same reason private and state universities do not. They know, as well as you, do that a university degree is a bad investment except for engineering and some of the hard sciences.
Post a Comment