Feds Will Require Better Numbers From For-Profit Colleges
For-profit colleges, the schools for which I employ my “If you can’t say anything nice, then please keep your sarcastic mouth shut, woman!“ policy, have angered consumer advocacy groups. The advocacy groups have officially complained to the U.S. Department of Education, and now there will be official rules. That’s right. Official. Rules.
Starting in July 2011, for-profit schools, like DeVry and Phoenix, will be required to tell prospective students statistical facts concerning the school’s track records in two specific areas: Graduation rates and post-graduation job placement rates. This information must be handed over to students prior to the application process.
Additionally—and I particularly adore this part—if the Feds find out a given for-profit college is spewing graduates who can’t pay back their student loans (usually due to the fact that the school is academically shoddy and a certificate or a degree from said institution is meaningless in the real world, thus resulting in a significant portion of the institution’s graduates being less than hireable), the school loses its funding. It is an effort for me to dial down the giddy and only hum (not sing) the super fancy Diploma Mills Suck song. It’s really good. And it rhymes.
Further Reading:
Government To Hold For-Profit Schools Accountable To Pricey Tuition
Career Schools May Lose Loans
Posted by Alexa Harrington
(image: University of Phoenix)
Graduation rates and post-graduation job placement rates. This information must be handed over to students prior to the application process.