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ERIC Number: ED530124
Record Type: Non-Journal
Publication Date: 2012-Feb
Pages: 42
Abstractor: As Provided
Reference Count: 29
ISBN: N/A
ISSN: N/A
The For-Profit Postsecondary School Sector: Nimble Critters or Agile Predators? A CAPSEE Working Paper
Deming, David J.; Goldin, Claudia; Katz, Lawrence F.
Center for Analysis of Postsecondary Education and Employment
Private for-profit institutions have been the fastest growing part of the U.S. higher education sector. For-profit enrollment increased from 0.2 percent to 9.1 percent of total enrollment in degree-granting schools from 1970 to 2009, and for-profit institutions account for the majority of enrollments in non-degree granting postsecondary schools. We describe the schools, students, and programs in the for-profit higher education sector, its phenomenal recent growth, and its relationship to the federal and state governments. Using the 2004 to 2009 Beginning Postsecondary Students (BPS) longitudinal survey, we assess outcomes of a recent cohort of first-time undergraduates who attended for-profits relative to comparable students who attended community colleges or other public or private non-profit institutions. We find that relative to these other institutions, for-profits educate a larger fraction of minority, disadvantaged, and older students, and they have greater success at retaining students in their first year and getting them to complete short programs at the certificate and AA levels. But we also find that for-profit students end up with higher unemployment and "idleness" rates and lower earnings six years after entering programs than do comparable students from other schools, and that they have far greater student debt burdens and default rates on their student loans. IPEDS [Integrated Postsecondary Education Data System] and Student Financial Aid are appended. (Contains 5 figures, 8 tables and 12 footnotes.) [This paper also appears in the winter 2012 issue of "Journal of Economic Perspectives," 26(1), 139-164.]
Center for Analysis of Postsecondary Education and Employment. Teachers College, Columbia University, 525 West 120th Street Box 174, New York, NY 10027. Tel: 212.678.3091; e-mail: capsee@columbia.edu; Web site: http://capseecenter.org
Publication Type: Reports - Research
Education Level: Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: Institute of Education Sciences (ED)
Authoring Institution: Center for Analysis of Postsecondary Education and Employment (CAPSEE)
Identifiers - Laws, Policies, & Programs: Higher Education Act Title IV
Identifiers - Assessments and Surveys: Beginning Postsecondary Students Longitudinal Study