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ERIC Number: ED513339
Record Type: Non-Journal
Publication Date: 2010-Nov
Pages: 12
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
Subprime Opportunity: The Unfulfilled Promise of For-Profit Colleges and Universities
Lynch, Mamie; Engle, Jennifer; Cruz, Jose L.
Education Trust
As with the collapse of the subprime lending industry, the showdown between for-profit colleges and the government shows how the aspirations of the underserved, when combined with lax regulation, make the rich, richer and the poor, poorer. For-profit colleges provide high-cost degree programs that have little chance of leading to high-paying careers, and saddle the most vulnerable students with heavy debt. Instead of providing a solid pathway to the middle class, they pave a path into the sub-basement of the American economy. The data presented in this brief demonstrate that "opportunity," touted as "a good chance for advancement or progress," is not the product delivered by most for-profit colleges and universities. (Contains 3 figures, 5 tables and 30 notes.)
Education Trust. 1250 H Street NW Suite 700, Washington, DC 20005. Tel: 202-293-1217; Fax: 202-293-2605; Web site: http://www2.edtrust.org
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: Lumina Foundation for Education
Authoring Institution: Education Trust