On 2012-08-13, at 3:38 PM, Paul C Bernhardt wrote: > http://www.propublica.org/article/the-for-profit-higher-education-industry-by-the-numbers > The recruiting and lobbying numbers are eye-opening in particular. >
Personally, I thought that this was the most interesting figure: 96 percent of those enrolled in for-profit schools take out student loans (compared to 57% in private non-profit and 48% in public). One might argue that for-profits serve a population that has a higher need for student loans (though community colleges are much less expensive and locally available nearly everywhere). What that 96% tells you is exactly what the business model of the for-profit sector is. Indeed, seen through this end of the lens, it begins to look an awful a lot like the subprime mortgage fiasco: Convince people that they can borrow their way out of poverty. Let 'em crash. Blame it on their "lack of personal responsibility." Move on to the next sucker. Chris --- Christopher D. Green Department of Psychology York University Toronto, ON M3J 1P3 Canada [email protected] http://www.yorku.ca/christo/ ========================== > Paul > --- > You are currently subscribed to tips as: [email protected]. > To unsubscribe click here: > http://fsulist.frostburg.edu/u?id=430248.781165b5ef80a3cd2b14721caf62bd92&n=T&l=tips&o=19715 > or send a blank email to > leave-19715-430248.781165b5ef80a3cd2b14721caf62b...@fsulist.frostburg.edu --- You are currently subscribed to tips as: [email protected]. To unsubscribe click here: http://fsulist.frostburg.edu/u?id=13090.68da6e6e5325aa33287ff385b70df5d5&n=T&l=tips&o=19718 or send a blank email to leave-19718-13090.68da6e6e5325aa33287ff385b70df...@fsulist.frostburg.edu
