Most fresh-faced high school graduates don’t know the differences between a non-profit and for-profit institution, yet three out of the top six campuses are for-profit schools. While we’re all busy worrying about whether an online degree program is offered through an accredited institution or not, these for-profit institutions are making a pretty penny off of our confusion.
For-profits enroll more students than the entire University of California system and Ivy League system combined. These education institutions operate as private, profit-seeking businesses, and up to 90% of the revenue comes from U.S. taxpayers through federal financial programs. They are known for cutting back services and activities in order to keep costs low, but the number one person to suffer because of it is the student.
For-profit schools spend less than 1/3 of what public colleges spend on instruction, and graduation rates are less than half that of traditional public and non-profit institutions. Additionally, these seemingly poorly managed “businesses” require students to take out three times as many loans, and those who do graduate from for-profit institutions are left with four times as much debt. It would all seem worth it if the programs themselves yielded better results in the job market, but only 36% are able to repay their loans, and over the course of 10 years, for-profit college graduates make over $50,000 less than graduates of non-profit institutions. Check out the infographic by Accredited Online Colleges below:
Created by: AccreditedOnlineColleges.net
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