<p>The quality of the for profit colleges vary greatly. The University of Phoenix started out stressing graduate degrees that were paid for by employers. If the employers didn’t think they were worthwhile, they wouldn’t have paid for it.</p>
<p>There are many other for profits that exist purely to soak up Federal grants and federally subsidized loans. Some have also conspired with private loan providers to get students to sign up for loans with 22% interest rates.</p>
<p>A big question is: will the credits from this for-profit be accepted at most non-profit universities. If the answer is no, then run away from it. </p>
<p>There are tons of students who run up lots of debt at less reputable for-profits and then find out that they can’t use the credits anywhere else to get a higher degree.</p>
<p>Many for profits have lied about the job prospects for their grads. </p>
<p>One for profit was found to have hundreds of people employed in recruiting new students, and only one person employed in helping their graduates find jobs.</p>
<p>One small religious college was going bankrupt. A for profit bought the assets simply to be able to use that college’s acreditition. They turned that small college into a diploma mill issuing thousands of online degrees per year.</p>