These 3 charts show the collapse of for-profit education

[rangerrebew]

These 3 charts show the collapse of for-profit education

Oct 16, 2016 by Education Dive

In four years, the sector has gone from cash cow to a symbol of the industry’s greatest troubles

By Jarrett Carter –

In 2012, the U.S. Senate Committee on Health, Education, Labor and Pensions produced a scathing review of for-profit colleges and universities, spotlighting a culture of bringing in millions while students paying for education with federal loans were failing to get jobs or even complete degrees.

That report would bring about increased scrutiny of some of the nation’s largest institutions attracting millions of students, and the business model has officially imploded according to some observers. The U.S. Department of Education this month stripped the country’s largest for-profit accreditor of monitoring and authorization power over the disbursement of federal financial aid to its member schools.

In just four years, an important segment of the higher education industry has collapsed. And the story can be illustrated in three infographics produced by outlets covering the crisis every step of the way.

http://www.educationviews.org/3-charts-show-collapse-for-profit-education/

[bolobaby]

There's actually five charts at the link. I guess education is failing us all-around.

[endicom]

I believe that some of these schools have been half-scam as they have provided some sort of education. But other factors can drag down the graduation stats of even the good ones. One factor is that most for-profits will admit nearly anyone. That's a good deal for people needing a second chance but it lowers the graduation rate. Another factor is that many people must show some continuing education for career purposes. Once those people have what they were shooting for they have no further need for the school so they drop out.

I've read that in the military you can check off the continuing ed box for simply enrolling in a course and without any intention of completing it. Don't know if that is true.

And, ideologically speaking, the for-profits are to the education industry what coal is to the energy industry.

[massadvj]

The biggest scammers of all are the public and private universities that ignore education and instead manage retirement communities for the young, then fund themselves on the backs of 18-20 year-old naive kids who are unable to fully understand the implications of the debt they are sold.  We won't see the Obama administration going after them anytime soon, since the six-figure tenured professors in these institutions are key patronage support for the Democrat Party.  These professors promote Democrat progressivism, global warming, multiculturslism and economic determinism.  Their activities are fully funded by the Millennial generation and its $1.3 trillion in student debt.