- Buy Adobe InDesign CS5 MAC (en)
- Download Altova SchemaAgent 2009
- Buy iStopMotion 2 Pro MAC (en)
- Download Microsoft Windows Server 2003 Standard R2 SP2 (64 bit)
- Discount - AnyBizSoft PDF Converter MAC
- Download Photoshop CS5 For Dummies
- Buy Ashampoo Powerup 3 (en)
- Download Eyeon Fusion 6 (32 bit)
- Buy OEM iStopMotion 2 Pro MAC
- Buy OEM Avid Media Composer 5
- Buy OEM Autodesk AutoCAD Architecture 2014 (64-bit)
- Buy OEM Autodesk Mudbox 2011 (64-bit)
|“DAN RATHER REPORTS” INVESTIGATES THE DOWN SIDE OF FOR-PROFIT COLLEGES|
|News Releases - Education & Schools|
|Written by Colette Carey|
|Tuesday, 04 June 2013 12:59|
With sky high loan rates and even higher drop-out rates, do these colleges educate students or bankrupt them?
Tonight, Tuesday, June 4 at 8:00pm ET
DALLAS –June 3, 2013 This week on “Dan Rather Reports” we take an in-depth look at the business of for-profit colleges. Schools like ITT Technical Institute, DeVry University and University of Phoenix differ from schools such as Penn State or USC because they actually treat education as a business - teaching students while still turning a profit. And, while most people may be aware that these colleges are for-profit, what they probably don’t know is that most of these profits come from the federal government. In fact, in 2012 ITT Tech reported revenue of 1.3 billion dollars - more than 1 billion of that came from the taxpayers.
This taxpayer money comes in the form of Pell Grants, money that the Government gives to low income students to help fund a college education, and federal student loans.
“I always said they had a bad business model and the business model was, go out and recruit the poor students. Why? They get the most Pell grants and they get the most loans,” Iowa Senator, Tom Harkin told Dan Rather.
Harkin lead a Washington investigation into for-profit colleges and how students, who drop out, or who have to take on high interest personal loans in order to bridge financial gaps, are affected by the expense of a for-profit education.
In the case of ITT Tech, Harkin’s investigation uncovered a huge disparity in costs.
“The cost for the associate degree was $48,000. Two years.” Harkin told Rather. “Not too far away is Des Moines Community College. Exact same degree, $9,000.”
And, students at for-profit colleges default on the Federal loans at twice the rate of those attending traditional colleges. They are responsible for half the Federal loan defaults while only making up 10% of the student body.
And while these numbers look to stack up against for-profit colleges, those in the industry say that they are offering an important service to high risk students.
Steve Gunderson, President of the Association of Private Sector Colleges and Universities (the organization that lobbies on behalf of the industry) tells Rather, “92% of the students who enroll in our schools are non-traditional students. Almost every student has multiple barriers to academic success.”
But when questioned about high interest rates on the loans that these students must obtain to pay tuition, and whether or not the schools could charge less money, Gunderson says, “What’s the school to do? I think you and I would both criticize the school more if they abandoned the student at the 96th percentile of their academic journey.”
“Dan Rather Reports: For-Profit Colleges” airs Tuesday, June 4 at 8:00pm ET/5:00 p.m. PT only on AXS TV.
About AXS TV
Launched in July 2012 under the vision and stewardship of entrepreneur Mark Cuban, AXS TV is the premier destination for live events, breaking news, and as-they-are-happening trends in the worlds of pop culture, music, fashion, and entertainment.
AXS TV Concerts is the premier source on television for 100% live music. From multi-day festivals to stadium tours to club acts, AXS TV delivers an unparalleled shared experience for fans of all genres. Leveraging the network’s vast landscape, artists expand their reach to live behind-the-scenes moments, live fan Q&As, social media engagement and more unique opportunities specifically for the AXS TV audience. With multiple live concerts weekly, AXS TV is the number one destination for artists and their fans to experience and share a pure live event in the world of music and pop culture. Live LIVE!
The largest independently owned and operated network, AXS TV was developed by entrepreneur Mark Cuban and General Manager Philip Garvin. The network partners include Mark Cuban, AEG, Ryan Seacrest Media and Creative Artists Agency (CAA). AXS TV is available in the U.S. via AT&T U-verse, Charter, Comcast/Xfinity, DIRECTV, DISH Network, Insight, Suddenlink, Verizon FiOS, and other TV providers.
AXS TV can be found online at www.axs.tv, on Facebook at www.facebook.com/axstv and on Twitter at www.twitter.com/axstv. AXS TV Concerts can be found online at www.axs.tv, on Facebook at www.facebook.com/axstvconcerts and on Twitter at www.twitter.com/
Tags See All Tags