07-30-2012, 02:59 PM
http://www.washingtonpost.com/blogs/ezra...ible-deal/
Bachelor’s programs cost an average of 20 percent more, and associate’s programs an average of quadruple public school tuition. This isn’t too surprising when you look at how for-profit colleges are spending their money. The Harkin report found that 22.7 percent of revenue at for-profits goes to marketing and recruitment, that for-profits have an average profit margin of 19.7 percent, and pay an average of $7.3 million a year to their chief executives. That’s all money that drives up tuition without going to educational programming. Actual instruction made up a paltry 17.2 percent of expenses. 07-30-2012, 03:08 PMThere was an excellent thread some time ago about the effect the 'new' for profit Universities have had on students, and how many of these scam artists push students into maxing out their student loans, knowing full well that the students may not get anything worthwhile out of the 'education'.
There's also a whole subset of 'vocational training' predatory 'schools' established specifically to suck money out of various governmental training programs for the unemployed.
Of course some of these programs ARE quite good, and most of the intructors are quite earnest and principled people. But the machinery behind the instructional face can be quite crooked.
YMMV, etc...
My kids go to local community colleges and then onward to state Universities. I was the product of a private University, but one with over a hundred years of existence and a stellar repution (at the time one of the top 10 engineering schools in the US).07-30-2012, 03:20 PMThe Frontline documentary on this subject is an eye opener.
http://www.pbs.org/wgbh/pages/frontline/collegeinc/07-30-2012, 03:21 PMNever figured out the distinction between profit and nonprofit institutions. Nonprofit simply means you spent all you made. Any organization can manage that. There is nothing sacred about non-profits.07-30-2012, 03:44 PM>>Nonprofit simply means you spent all you made.
Not at all true. They are different legal entities. This impacts the structure and function of the institution.07-30-2012, 04:16 PMmattkime wrote:
>>Nonprofit simply means you spent all you made.
Not at all true. They are different legal entities. This impacts the structure and function of the institution.
And purpose.07-30-2012, 04:23 PMmattkime wrote:
>>Nonprofit simply means you spent all you made.
Not at all true. They are different legal entities. This impacts the structure and function of the institution.
Can you be more specific? My place of work is a nonprofit and there are a zillion places they can put their money away. I assure you they have surplus every year but they just don't call it profit.07-30-2012, 04:23 PMSadly, I think for-profit colleges are going to affect the non-profit colleges because for-profits can "buy" students right out from under a non-profit. It's all about the numbers.07-30-2012, 04:27 PMYou must be trying to say something. "Buy" students? How?
