31–40 of 304 posts
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.
The reality: most of these students will not realize a return on the investment of their time and acquisition of a ton of debt that they cannot discharge in bankruptcy. Many will fail to attend class, fail to take notes, fail to do homework, fail to learn, and will not complete - but because they have already sunk huge costs into the endeavor, will continue incurring more costs in spite of the writing on the wall.
The economics means that these schools are unsustainable. However, some people find success through these schools. How can we continue to serve these people?
Perhaps we could avoid throwing the baby out with the bathwater by creating more community colleges, allowing more people to enroll in affordable community colleges, complete milestones at their own pace, while providing more direct subsidies of tuition for the truly needy. I agree that we would benefit from more German-style apprenticeship programs as well. For all of their worker protections, they still have incredibly low youth unemployment.
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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.
My brother got his 4 year degree from the same college, moved onto a master's at a bigger school and is doing quite well.
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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…
Community college.
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…
Earlier quoted context omitted.
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.
Yep, community colleges are where it's at. I started at a small local college a half-step up from a community college as it offered 4 year degrees. Got a year's worth of credits there to establish a good record and then transferred out to an ivy. My brother got his 4 year degree from the same college, moved onto a master's at a bigger school and is doing quite well.