The award-winning PBS series Frontline has produced a program called College, Inc. that exposes the promises made and recruiting tactics used by for-profit schools to enroll students. If you, or your son/daughter, are being pressured by for-profit schools we recommend you watch the video. The program exposes extensive fraud associated with “career counseling”. There are employees with job titles that imply career counseling is what they do. These are sales people that have one objective – to sign up as many students as possible.
The issue has become so large that the U. S. Department of Education has become involved. Federal aid to for-profit colleges has become an issue as it has jumped to $26.5 billion in 2009 from $4.6 billion in 2000, according to the Education Department, prompting concern that these students are taking on too much debt (see Bloomberg Businessweek “Obama Plans New Rules as For-Profit Colleges Mobilize“). If the earning potential of graduates were high enough to pay back the loans within a reasonable time period, the issue wouldn’t be nearly as significant. However, these for-profit programs are not delivering on promises they make to students. They will say anything to enroll a student.
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