Advantages Of For-Profit Colleges

For-Profit Schools Taking Advantage of Students Many people seek to achieve the American dream, a chance to have a good employment and be able to afford luxury items. In order to obtain a decent employment one must first acquire a post secondary education. There are many post-secondary education options. One can enroll in a community college, a public or private college, or a for-profit college. Recent high school graduates tend to attend a community college, a public college, or a private college; the people choosing to attend for-profit schools are mostly middle age people going back to gain a higher education. For-Profit is defined as “(of a business or institution) initiated or operated for the purpose of making a profit.”

They primarily exists to enrich their investors. Investors have turned higher education into a business and have caused a huge increase of student loan debt. For-profit institutions are in business to make money for owners and shareholders by offering a service; in this case education.For-profit colleges are managed by private organizations and corporations. They were not were not common before, but now as more and more people are trying to get a higher education for-profit schools are quickly increasing their enrollment rates. In recent years the job opportunities for people that do not have a higher education have decreased and caused more people to seek a higher education in order to obtain a better employment. As more and more people attend college, the number of spots available in traditional colleges decreases. The decreased availability of traditional college education caused there to be an increase demand for for-profit

The cost of tuition and fees for for-profit schools are much higher than their public counterparts. According to an article on Huffington Post by Suevon Less, a bachelor's programs at for-profits costs 20% more than public schools, while an associate's degree at a for-profit institution is four times the cost. These high tuition prices cost the students to take out a large amount of students loans to cover the cost of school. Student tend to borrow money from the government and private sources. Almost all students at for-profit schools borrow for their education, at an average of 19,700 dollars for an associate degree and 33,050 dollars for those who obtain a bachelor’s degree (Suevon Lee). This figures are remarkably high and caused students to suffer in order to be able to pay off the debt before the interest rate keep adding