I am personaly happy to see the hammer come down on these for-profit universities. I too feel for the students as I was one of the Corinthian Colleges students a few years ago at Everest University through one of the Florida campuses. My degree program was the A.S. in Computer Information Sciences -- such a waste. Look up the job placement rates for that program in 2010, just insane. Thankfully I too have been able t…
That their credits had virtually no chance of transferring to any other institution --- a point ITT was forced to make on its own website --- is a pretty good reason not to allow it to be the beneficiary of billions of dollars of public financing.
That's true - and as a taxpayer, I don't relish the idea of funding things like this that are taking advantage of people... but I have to admit I feel a little icky at the thought of pulling something that might act as a ladder of economic mobility - even for just a few people - out from under them. It's like we're saying to people that don't fit into the "traditional" mold of college-goer: "You can't go to ITT any m…
ITT was anything but a ladder of economic mobility. It preyed on those people who most needed that mobility. The institutions you're squeamish about harming are community colleges, which have much cheaper tuitions and actually do educate students.
Next, go after the public colleges? Other than brand, do they do a better job? Spend more than 30% of income on actual educational expenses (like IIT does)? I doubt it. {edit} Seems like US Universities are about 1:1 faculty vs staff. Up from 2:1 40 years ago.
Given the continuous grows of administrative personal and cutting of faculty positions the quality of the job they do is deteriorating quickly.
Next, go after the public colleges? Other than brand, do they do a better job? Spend more than 30% of income on actual educational expenses (like IIT does)? I doubt it. {edit} Seems like US Universities are about 1:1 faculty vs staff. Up from 2:1 40 years ago.
How about 'fully funding public colleges' instead so that kids don't have to go into crippling debt to go there.
Next, go after the public colleges? Other than brand, do they do a better job? Spend more than 30% of income on actual educational expenses (like IIT does)? I doubt it. {edit} Seems like US Universities are about 1:1 faculty vs staff. Up from 2:1 40 years ago.
You're mistaking the purpose of most public colleges -- it is not to educate students, but this is a service that they provide. ITT on the other hand, is only attempting to teach.
That their credits had virtually no chance of transferring to any other institution --- a point ITT was forced to make on its own website --- is a pretty good reason not to allow it to be the beneficiary of billions of dollars of public financing.
That's true - and as a taxpayer, I don't relish the idea of funding things like this that are taking advantage of people... but I have to admit I feel a little icky at the thought of pulling something that might act as a ladder of economic mobility - even for just a few people - out from under them. It's like we're saying to people that don't fit into the "traditional" mold of college-goer: "You can't go to ITT any m…
> what do they take on to better their station now? I just can't think of a great anwser to that
So to mitigate the possible effects of the colleges all suddenly shutting down they were told to put up a huge amount of collateral, which caused them to all suddenly shut down? That's quite a mitigation strategy the government has going on there.
And I'm sure they 78mil they hand on hand is going to "disappear" to pay for "shutting down" their offices.