What Phoenix Doesnt Tell Us About For Higher Education Summary

Third of all, Carey points out how for-profits target low-incomes, runs like a business, and abuse student loans. For example, the University of Phoenix, a investor name Michael Clifford was interviewed and said how they target low-incomes for a purpose so they can take out loans from different programs and from federal government and they gain by having the rate percentage go up. Carey states “ as a rule, for-profits charge much more than public colleges and universities. Many of their students come from low-income backgrounds. You don’t need a college degree to know that large debt plus small income equals high risk of default.”(2) Carey is against the fact that for-profits target low-income because they're easily taken advantage. He also says” Other industry officials, like the for-profit lobbyist Harris Miller, would have you believe that government money that technically passes through the hands of students on its way from the public treasury to the for-profit bottom line isn’t a government subsidy at all.”(2) What is basically being said is that the government the lends money to students in order for

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