ERIC Number: EJ930720
Record Type: Journal
Publication Date: 2010-Sep-30
Reference Count: 0
The Profit Prophets in Higher Education
Halfond, Jay A.
New England Journal of Higher Education, Sep 2010
The nation seems to have suddenly awoken to the reality that for-profit academic institutions are a force to be reckoned with. For so long, they have been ignored as inconsequential, second-rate competition, and vilified for their greed and lack of quality. Two events have changed their image into something far more formidable: (1) the realization that government-sponsored financial aid goes disproportionately (and with a dangerously high default rates) to the for-profit sector; and (2) the excellent expose on Frontline (College, Inc.) that slammed the aggressive recruiting practices of these schools. There is much hypocrisy as newspapers, themselves for-profits, and the politicians who previously promoted the development of more storefront enterprises in their own districts, now question the fundamental ability of for-profit universities to deliver higher education--and "not-for-profit" universities now feel the threat of this competition. This is not to say that for-profits haven't been guilty of excessive behavior, but they operate in a much larger academic ecosystem, which needs to be acknowledged. In this article, the author offers five uncomfortable observations on for-profit academic institutions.
Descriptors: Higher Education, Competition, Proprietary Schools, Nonprofit Organizations, Comparative Analysis, Commercialization, Student Recruitment, Merchandising, Distance Education
New England Board of Higher Education. 45 Temple Place, Boston, MA 02111. Tel: 617-357-9620; Fax: 617-338-1577; e-mail: firstname.lastname@example.org; Web site: http://www.nebhe.org
Publication Type: Journal Articles; Opinion Papers
Education Level: Higher Education
Authoring Institution: N/A