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research1 - Jessica Gimbel April 7 2011 English 100 Kai...

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Jessica Gimbel April 7, 2011 English 100 Kai Carlson-Wee For Profit Universities Applying to a college bears much stress. Thinking about where to apply, where one will be accepted and whether financial need is necessary are questions that every senior in high school must consider. Recently, for-profit universities have answered these questions by saving students from denial of colleges and from expensive tuition bills and especially because there is no admission application requirement. For-profit universities are post-secondary institutions that operate as businesses. For-profit schools also allow students of elementary and secondary levels to get an education through programs known as educational management organizations or EMOs. For the purpose of this paper, for- profit universities such as The University of Phoenix, Westwood college in Dallas, Texas, or Medvance Institute in Miami, Florida, will be the focus because these institutions are currently under investigation for their controversies. For example, these universities grant government loans to students who cannot afford to pay for college themselves. Recently however, research has uncovered that these loans in fact leave students with heavy debt (Lynch, et al, 2010) and that for-profit universities do not carry the same prestige that traditional universities do. Debates on for-profit schooling have forced people to consider what is now perceived as “higher education” and furthermore, what the value of a college degree is really worth today. For-profit universities are detrimental to students’ academic careers because they hinder students’ education by granting a worthless diploma that does nothing to prepare them conventionally for the work world.
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For-profit universities are programs run by businesses. Profit seeking companies find failing universities to invest in. Once the university goes public for admission, the investors make big money because they require a fee from each student who enrolls. For- profit universities boomed in the 1990s, constructing programs where six percent of the population of the United States was enrolled. For-profit universities cater to students usually unable to graduate high school. Students normally receive degrees via Internet education. Many news companies are currently critiquing for-profit schools. For example PBS station in New York City did a show on the effects of for-profit universities on students and investors. Their research has evaluated for-profit schools as damaging because while they do give students unable to get into college a chance at a university level education, they almost always do so by leaving their students with enormous amounts of debt (PBS Frontline). For-profit universities do this by ultimately granting students a costly degree program that does little in preparing them for their work field.
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