Home > Educational Leadership, Higher Education > For-Profit Colleges Spend Much Less On Educating Students Than Public Universities

For-Profit Colleges Spend Much Less On Educating Students Than Public Universities

By Chris Kirkham

For-profit colleges devote less than a third of what public universities spend on educating students, even though the for-profit institutions charge nearly twice as much as their public counterparts for tuition, according to new federal government data released Thursday.

Students attending bachelor’s degree programs at for-profit schools are also much less likely to graduate than students who attend public universities or private non-profit schools, concludes the report from the National Center for Education Statistics. One in five students graduate from for-profit bachelor’s degree programs within six years, compared to more than half of students at public universities.

The new federal data lands amid fierce debate over the practices of for-profit colleges, which confront the stiffest government scrutiny in decades. The Obama administration has been crafting new rules aimed at preventing schools from promising more than they can deliver, in response to reports that many tout their training programs as stepping stones to lucrative careers only to set up students up for jobs whose wages will rarely keep pace with their resulting debt burdens. The for-profit industry relies heavily on federal student aid as part of its business model, but the industry is responsible for an increasing number of defaults in the federal student loan program.

Continued at: http://www.huffingtonpost.com/2011/05/26/for-profit-colleges-spend_n_867175.html

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