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College Inc. Vs. For-Profit College

775 Words4 Pages

The film, College Inc., is about for-profit colleges. A for-profit college is a college that is controlled by a private or profit-seeking business. Usually these colleges are ones that had little to no money to keep the college running, so they were bought by a private business that funds them until the business makes money. A few examples of for-profit colleges are University of Phoenix, DeVry University, and Ashford University. These colleges were saved from bankruptcy by businesses, but the businesses that saved the colleges are only interested in earning money from the colleges. So, for-profit colleges sounds like a grand idea, for both students in the area, teachers, businesses, and government, however, the for-profit colleges will focus …show more content…

The business needs to hit a certain number of enrollments to be able to pay the stockholders. So, the business does not care who enrolls, as long as the number of enrollments needed is hit. In order to be successful in getting the number of enrollments, the business will advertise for the college all the time. For-profit colleges will spend from twenty to twenty-five percent of their earnings on advertisement. In comparison, the for-profit college will only spend ten to twenty percent on the students. That is a staggering difference between what the college will spend on the students that are attending there to get a good education and paying to go there versus the advertisement to make more students enroll into the college. A college should focus more on the students that are currently going to the college and paying for the education rather than advertisement to get students to come to the …show more content…

The practices and number of enrollments are put in place because the for-profit colleges have to make a certain amount of money. The recruiters can go to job fairs, online advertisement or application, or make telephone calls to people. The recruiters will have a number of people that they have to call or talk to and have to make a certain percentage of them enroll. The procedure is strict because of what the people running the college have to meet, money wise. However, for a non-profit college, these recruiters would not have as strict of a schedule and percentage rate that they need to make in order to get paid. The for-profit colleges do not seem to think that this strict recruiter job is bad. The people in charge of the college know they have a quota to fill and they are going to fill it anyway that they can. For-profit colleges do not care about the people that enroll as long as they meet their numbers and amount of money that they need to make a

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In the article “Why Do You Think They’re Called For-Profit Colleges?”, Kevin Carey presents three claims when it comes to For-Profit Colleges. These three argumentative claims consist of For-Profits are taking advantage of Federal Aid as well as student loans because of the outrageous prices and lastly that the government should regulate loans given to the For-Profit Colleges. Carey states how a large number of students are graduating from these For-Profit Colleges with horrifying loans for worthless degrees. It is well known that For-Profits charge much more than universities and public colleges. Carey and I both agree with the Obama Administration cutting off federal aid to these schools giving graduates huge debt.

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In the article Why Do You Think They’re Called For-Profit Colleges? Author Kevin Carey successfully informs readers about the for-profit university business. To portray the full story Carey successfully investigates both the pro for-profit and anti for-profit sides of the argument and provides useful facts, data and opinions from field leaders on both ends. Carey gives the reader enough information to draw their own conclusion regarding the topic, however, I believe that Carey’s argument is that the industry is a necessary evil. This meaning that a lot of what these colleges are doing is wrong, however, there is a need for them since community colleges are filling up fast, these colleges provide night classes and that they can be accessed over

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According to Kinser, he states “the Apollo Group; ITT Educational Services, owner of ITT Technical Institutes, valued at $2.8 billion; DeVry Incorporated, owner of DeVry University, valued at $ 1.6 billion: and Strayer Education, owner of Strayer University,valued at $1.4 billion. The rest of the publicly traded for-profit institutions are probably worth less than $100 million each.” He explains to us how all these for-profits make over million of dollars from their students. For example , “the 50-percent increase in four-year and graduate degrees awarded in the for-profit sector between 2000 and 2003 was driven by 28 the University of Phoenix and a few of its

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In his article “Why Do You Think They’re Called For-Profit Colleges?” Kevin Carey offers harsh criticisms of for-profit colleges by claiming that they are directly to blame for the disproportionately high quantity of debt that their postgraduate students acquire. His primary reasoning for such is that for-profit colleges are charging more for their degrees than they are actually worth. He himself writes, “for-profits charge much more than public colleges and universities. Many of their students come from moderate- and low-income backgrounds…

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It is clear that Andrew Rosen, the chief executive of Kaplan, wants to leave readers of Change.edu with the idea that for-profit colleges are innovative, efficient, and effective in serving people left out by traditional higher education, and that their bad reputation is the result of unfair attacks. I picked up Rosen 's book wanting to see how the power of the market can transform the enterprise and improve student learning. Instead, I am now more concerned about the hazards of for-profit colleges than I was before. The eye-opening, gasp-inducing elements involve Rosen 's descriptions of the intense pressures on company executives to produce quick, huge profits for investors by shortchanging students.

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Carey strategically chooses each word to build his article. For instance, he writes that “horror stories of aggressive recruiters’ inducing students to take out huge loans for nearly worthless degrees are filling the news” (Carey). In this statement, Carey carefully chose each word so that they support his claims. He compares the “huge loans” from “aggressive recruiters” to “nearly worthless degrees” to show the imbalances that for profits have. By using words with negative connotation, the reader knows where Carey stands and can easily deduce the negatives of for-profit higher education, just as Carey wants.

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In fact, Wilson states, “some students enroll in high-priced for-profit programs only to learn later that their certificates or degrees are not as useful on the job market as they had expected” (pp 263-4). Many students would surely need a loan to afford a for-profit degree, and that loan would need to be significantly higher than what would be needed in a public or private college. Furthermore, the devalued for-profit degree makes it far more difficult to secure a job that will compensate for the loan. If public or private college is not reasonable, then Addison’s community college is a much wiser decision than a for-profit institution.

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The people that are mainly attending these for-profit colleges

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