The Biden administration recently announced the reconstitution of an office designed to safeguard taxpayer-funded student aid dollars and protect students from predatory colleges. The previous administration had “deprioritized” the department tasked with enforcement of student protection regulations within the Office of Federal Student Aid in a move viewed by pro-student advocates as enabling problematic behavior on the part of predatory colleges.
Students who earned their bachelor’s degree from an online for-profit college are less likely to find success in the job market, research shows.
Such applicants were 22 percent less likely than their counterparts from non-selective public institutions to receive a call back when applying for positions that required a business degree, according to a study published in 2016 by the American Economic Review.
How do students interpret the value of for-profit colleges?
You may be surprised. Tressie McMillan Cottom — author of Lower Ed — certainly was.
While the high cost of attending for-profit schools automatically triggers concerns about debt and default for many college counselors, price is often viewed in an entirely different light by students.
“I was stunned to learn that students used high price to indicate institutional quality,” she tweeted during a Monday #NACACreads discussion of her book. “That alone subverts almost everything we know!”
In recent years, a growing number of low-income and minority students have enrolled in for-profit colleges.
A new study from researchers at Johns Hopkins University and State University of New York at Buffalo highlights just how harmful that decision can be for students of color.
Researchers who followed 150 low-income black students from Baltimore discovered that those who attended for-profit colleges ended up with more debt and with fewer job prospects than their peers who attended nonprofit institutions.