Well, that’s basically all that I want to ask, but if you have/had any experience with that kind of intuitions, please tell it.
google “University of Phoenix Scam”. That should give you a good place to start.
Inflating job placement success.
Those of us who have worked in higher education know that it simply makes no sense that tuition and fees alone can cover the full costs of instructors salaries, building rental/purchase/maintenance, library collections, classroom equipment (desks, computers, projectors, whiteboards/blackboards, etc.), laboratory equipment and supplies, department administration expenses, career center staff and materials, overall institutional administrative costs, and the like, and still have something left-over (profit) to hand off to company shareholders. To have a profit at the end of the day means that somewhere something has to be drastically cut to the bone, and/or students have to be drastically over-charged.
Their “graduates” accumulate large student loan debt, with little or no prospect of finding suitable positions upon graduation. Their mode of operation is to make a profit at the expense of their students. Basically, they take advantage of the most vulnerable people in our society (low income, poor high school preparation, individuals desperate to get a college degree, etc.). These colleges are nothing more than a diploma mill, where a large group of their students wind up worse off than if they had never enrolled at one of these institutions. Their academic output is substandard and there is very little oversight of the industry, as many of the For-Profit schools lack the proper accreditation or the accreditation they use are the ones they created for their industry.
The bulk of their students leaves these institutions without a college degree, high student loan debt and no job prospect. The entire For-Profit industry was set up to milk the Pell Grant and other federal student loan system.
^ Agreed with all above. Given the profit motive and a customer base that may not be well-informed about college and financial issues, the for-profits had an incentive to be overly aggressive in pushing student loans.
Ok thanks for giving those answers. Now, if people already know about the big scam behind these institutions, why do they still going there?
Look up Trump University and you’ll find out
Many people–like you–don’t know. And many of them–unlike you–don’t find out.
Some for-profilt institutions that are better than others. Just tread carefully and do your research.
Trump University was just some courses about finance, he didn’t claim to actually give you an accredited degree.
People drink the kool aid. Those schools court you very aggressively and make you feel like a rock star to get your money. A lot of people fall for that initially.
Many times these schools offer degrees or certificates in a relatively short period of time. They often cater to people who want to “make a lot of money in a relatively short period of time.” Many of the programs are not accredited , but the students that they cater to often are unaware .