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US: For-profit schools progress
  • Vitaliy_KiselevVitaliy_Kiselev

    The working paper, published this week by the National Bureau of Economic Research, tracks 1.4 million students who left a for-profit school from 2006 through 2008. Because students at these schools tend to be older than recent high-school graduates, they’ve spent time in the workforce. The researchers used Education Department and Internal Revenue Service data to track their earnings before and after they left school.

    The result: Students on average were worse off after attending for-profit schools. Undergraduates were less likely to be employed, and earned smaller paychecks–about $600 to $700 per year less–after leaving school compared to their lives before. Those who enrolled in certificate programs made roughly $920 less per year in the six years after school compared to before they enrolled.

    The key factor is that most of these students never earned a degree–they dropped out early. Excluding them, the minority of students who earned degrees saw an earnings bump after graduating.

    http://blogs.wsj.com/economics/2016/05/31/the-average-student-at-a-for-profit-college-was-worse-off-than-before-attending-school/

  • 4 Replies sorted by
  • Glenn7Glenn7

    Looks really bad.

  • MirrorManMirrorMan

    I have a feeling that implementing effective efficient education methods in these schools would be bad for profits, just like how making reliable, effective and efficient products will put you out of business.

  • Vitaliy_KiselevVitaliy_Kiselev

    I have a feeling that implementing effective efficient education methods in these schools would be bad for profits, just like how making reliable, effective and efficient products will put you out of business.

    You just discovered that smart man discovered way back and properly formulated in 19th century.

    Main issue if capitalism is huge limits that it imposes on society. How this run for profits destroy good people, collective, country, everything around you.

    making reliable, effective and efficient products will put you out of business.

    This is not true, but making such things requires going against capitalism rules, using different approaches.
    But it is possible.

  • MirrorManMirrorMan

    True. This is also something I wondered about, "Moreover, this study won’t resolve the debate over whether for-profit college students drop out because they are ill-prepared for college-level coursework, rather than due to poor education provided by the schools." It would be good to see some long-term figures on drop-out rates.

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