Posts Tagged ‘for profit college’
Chart from FinAid.Org
Posted: September 27, 2010 in NewsTags: college debt, DOE, financial aid, for profit college, Gainful Employment, GE NPRM, non profit college
National Congress of Black Women Support For-Profit Colleges
Posted: September 16, 2010 in NewsTags: DOE, for profit college, Gainful Employment, GE NPRM, National Congress of Black Women, proprietary education
And speak out against the Gainful Employment proposal. Here’s Dr. E. Faye Williams, National Chair of the National Congress of Black Women:
Statistics show that for-profit colleges educate 13 percent more women and nearly 50 percent more minorities compared with public colleges. For-profit colleges have also welcomed non-traditional students, such as adults who cannot afford to drop their jobs or commute long distances to attend a community college. Career colleges offer unique flexible course schedules and online classes to meet the needs of adult learners – for instance, 30 percent of students at for-profit colleges are single parents, a much higher percentage than other schools.
Moreover, career colleges produce students who are immediately ready to enter the workforce in high-demand fields such as health care and computer/data processing, which are creating an estimated 1.8 million new jobs through 2016. And for-profit colleges boast a graduation rate nearly 20 percent higher than community colleges.
Critics also complain that career colleges make money from federal financial aid. But career colleges are better stewards of that money compared with their public and not-for-profit counterparts. Taxpayers receive a 9% return on each dollar per community college graduate and 18% per career college graduate. The typical career college student costs $7,000 less per year to educate compared with community college students. Moreover, students at the largest for-profit career institutions have loan-repayment rates virtually identical to those of community college students.
President Obama will have to overcome great obstacles if he wants to achieve his goal of graduating five million additional college students by 2020. However, the Department of Education must realize that for-profit colleges are part of the solution, not part of the problem.
Great Comment!
Posted: September 8, 2010 in CommentaryTags: DOE, education, for profit college, Gainful Employment, GE NPRM, proprietary education
A lot of people will have to forfeit their right to a higher education because of this “Gainful Employment” act. The President and congressmen are stating and campaigning on how “we” as Americans need to continue our higher education, enroll in universities and colleges so that we can get high paying jobs and stimulate the economy. Well the only problem with that, is that we can’t afford to attend these colleges, nor do we have the time to attend these major universities that ultimately require you to attend school during the day. Granted some colleges have evening courses but not all of them. And beyond the financial aid you still have to come out of pocket for a lot of things that are needed to attend those universities, like books, supplies, meals, parking, lab materials, etc… The only thing that low income families can afford are (“second rate”how some senators like to label it ) career colleges.
About half of the people in this supposedly great nation are considered low income. The only thing they are accomplishing by enacting this new law/rule is taking away the last bit of hope that these (“lower income”) people (like myself) had for themselves as well as their children. For most, this is the only way to better their children’s lives, to one day be above the lower income stigma and to not have to struggle or even worry about whether or not they’ll be able to make ends meet. The only thing the government will be stimulating is the continuation of a vicious cycle that will keep the rich people rich and poor people poor.
National Hispanic Caucus of State Legislators Launches Initiative on Higher Education
Posted: September 3, 2010 in NewsTags: DOE, education, for profit college, Gainful Employment, National Hispanic Caucus of State Legislators
The National Hispanic Caucus of State Legislators (NHCSL), today launched its web-based center on Higher Education. NHCSL’s creation of this initiative was fueled by its desire to closely follow for the Department of Education’s proposed gainful employment rule, a rule that NHCSL believes should be re-examined for unintended consequences before implementation. The website, meant to provide a central platform for updates on current issues surrounding access to higher education, will act as a portal for information, news and other resources.
“The Department of Education’s gainful employment rule and its impact on our student’s ability to continue to pursue higher education is concerning. Out of this concern, we have created an online center, where concerned individuals can learn more about the proposed rule and its potential impacts,” Illinois State Senator Iris Y. Martinez said. “It is our hope that the Department of Education will re-examine the rule and the impact it may have on the Hispanic community.”
NHCSL’s Initiative on Higher Education website explains the importance of access for Hispanic students and weighs in on various higher education issues that affect the Hispanic community. Additionally, the website asks visitors to “speak out” and tell the Department of Education how they feel about the proposed gainful employment rule by filing a comment in the public docket.
“We are not alone in our concern about the proposed rule. Many groups and individuals have already made their voices heard and we encourage more to do the same. NHCSL believes that the Department of Education’s rule may be overbroad, a one-size-fits-all solution to the student debt issue that may harm already vulnerable students,” Senator Martinez said. “We hope that our comments will encourage the Department of Education to take another look and further study the rule for unintended consequences.”
To learn more about NHCSL’s Higher Education Initiative, visit http://higheredu.nhcsl.org/.
About NHCSL
The NHCSL is the premier national association of Hispanic state legislators working to design and implement policies and procedures that will improve the quality of life for Hispanics throughout the country. NHCSL was founded in 1989 as a nonpartisan, nonprofit 501(c)3 with the mission to be the most effective voice for the more than 300 Hispanic legislators. For more information visit http://www.nhcsl.org.
Source: National Hispanic Caucus of State Legislators