Profit Education Is A Higher Education University - 982 Words

For profit education is a higher education university that is run and operated by private institutions who receives a profit. In the beginning of 2015, Corinthian College, a large for profit incorporation, was closed for lawsuits of fraudulent statistics of placement rates to jobs after graduating. Placement rates are the jobs that students have received through their degrees, and Corinthian Colleges would advertise the amount of graduates that have been hired in their field. The schools published around a ninety percent placement rate, but in truth, it was a zero percent placement rate. This deception has caused the federal government to step in and close the institutions. As a whole, Corinthian College’s actions set out a reputation for for Profit Colleges in America. For profit education was deemed as a second chance for people who do not have their degree. They were â€Å"targeting so-called ‘nontraditional students’—who are typically older, often have jobs, and don’t necessarily go to school full time† (Surowiecki). A majority of students who attended for profit schools, especially branches of the Corinthian Colleges, fits under this category, and money is a big issue in the atmosphere. The reason students attended Corinthian Colleges is to get their degree faster to have a better income at home, and to find out that their education was a waste of money and time is devastating to some families. In most cases, people ended up with thousands of dollars in federal loan debtShow MoreRelatedThe Education Of Higher Education1075 Words   |  5 PagesInstitutions of higher learning compete amongst each other, enabling them to focus on subjects that do not pertain to education. 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