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EconProjPaper1 - Michael Esparza Business Economics GM 545...

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Michael Esparza Business Economics, GM 545 July 2011 Summer B [email protected] Exercise 1, Question 2 1
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In the business world nowadays it seems that you cannot get anywhere without a degree of some sort. But at times the degree might seem just out of reach for some students depending upon either their commitment to the school and education or their financial situation. Based on the latter, for most students have financial problems that most schools cannot help with. Most universities do offer some assistance as far as for setting up a student with financial aid or some kind of loan whether it were a student loan or a private loan. I used to work for DeVry University and we setup our students with a financial planner to assist them in the process of getting approved for financial assistance. Some of DeVry’s competitors, such as Everest College and Grand Canyon University, University of Phoenix also do the same. For University of Phoenix though there have been some problems for them lately. A federal court reinstated a lawsuit accusing the university of fraudulently obtaining hundreds of millions of dollars in financial aid. The university denies wrongdoing. http://www.nytimes.com/2007/02/11/education/11phoenix.html The university has been under fire for some time for lying to students about job possibilities after the students have graduated from there and the concern regarding our TCO H, which is given the existence of negative externalities in private production, and accounting for political and social
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