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HUFFPOST COMMUNITY MODERATOR
liberal123
10:47 PM on 07/02/2010
For-profit colleges accept anyone who wants to be a student, regardless of whether they have the ability to do the coursework. They then arrange for the student to get federal loans to pay the tuition (which is alot higher than traditional colleges). These students then eventually graduate (many after taking online courses). Many don't get jobs and cannot repay their loans. The US taxpayer is stuck with the bill, and the debt follows these students throughout their lives, because the loans are not dischargeable in bankruptcy. For-profit colleges scam federal financial aid, and would not otherwise exist. The federal gov't needs to cut off financial aid to for-profit colleges.
12:26 PM on 07/05/2010
Yep. Absolutely.
10:25 PM on 07/02/2010
I learned, from an advertisement here, Regent University offers online courses. If I complete a law degree online, I expect a position within the next far-right administration.
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09:57 PM on 07/03/2010
Good one!!
09:58 PM on 07/02/2010
The Washington Post Co. owns Kaplan University. Kaplan is the only profitable part of the Washington Post Co. About 90% of Kaplan's revenue comes from Pell grants. This is wrong, pure and simple.
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HUFFPOST SUPER USER
John Horner
09:27 PM on 07/02/2010
For profit universities are one of the many dirty little secrets of the education industry.
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HUFFPOST SUPER USER
cloudminder
09:19 PM on 07/02/2010
its not just for profits that have corruption:

• Schwarzenegger vetoes whistleblower protections for UC workers (2009)
• UC regents Schwarzenegger and Wachter – are they making a profit from university investments? (2010)
• Audit demands investment reform, we hope- Daily Bruin (2010)
• UCSF Chancellor and controversial tobacco stock(2010)
• UC Regents sue UCLA radiology professor Robert Lufkin for engaging in non-UC work (2010)
• Federal Civil Rights Suit Brought Against UCLA, UC Regents For Copying Prof Lufkin's Hard Drive (2010)
• Protest Studies: California is broke, and Berkeley is in revolt (2010)
• UCLA consultant involved in accounting scandal (2010)
• More Scandals Uncovered at UC, Yee Requests State Audit (2010)
• UC regents OK millions in incentive pay to top execs (2010)
• UC Admits Misleading Public About Senior Executive Buyout Taker (2009)
• List of Salaries of UC Highest Paid Employees (2009)
• UC Boss Mark Yudof's Case Against Himself (2009)
• U.S. Senator Grassley Raises Concerns About Integrity of Finances at University of California System (2009)
• UC regents award huge pay increases to execs while furloughing staff (2009)
• Audit finds excessive expenses by CSU and UC Senior Administrator (2009)
• POGO praises U.S. Senator Grassley for raising concerns about integrity of finances at UC (2009)
• Yakuza Mob and UCLA Med Center on CBS "60 Minutes" by Lara Logan (2009)
• UC Irvine to fire whistleblower nurse?! (2009)

http://cloudminder.blogspot.com/
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LeAnn Cammack
born-again liberal
10:24 PM on 07/02/2010
You are right of course. But you know what? Look how easy it was to FIND that corruption. why? because they are public universities and we have a right to know, we have open government acts and freedom of information acts, etc. We may have corruption in government, but at least there are mechanisms to root it out.

How long did Enron get away with it? Madoff? Because the public has no right to know, and there is no accountability when it comes to the private sector.

There used to be. It was called regulation.
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cloudminder
12:03 AM on 07/03/2010
the line between public and private has been blurred significantly:

http://www.berkeleydailyplanet.com/issue/2010-06-22/article/35661?headline=Billion-Dollar-Baby-br-The-University-of-California-invests-53-million-in-two-diploma-mills-owned-by-a-regent.

and many private auxiliaries in public universities do not allow us to see the corruption:

http://dist08.casen.govoffice.com/index.asp?Type=B_PR&SEC={EFA496BC-EDC8-4E38-9CC7-68D37AC03DFF}&DE={F0B3331E-E539-4DCA-A9EF-53CF96C24B3E}
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cloudminder
12:03 AM on 07/03/2010
According to the CSU Chancellor’s Office, 20 percent of its $6.7 billion budget, or $1.34 billion, is held in their 87 auxiliaries and foundations, and out of public view.

“SB 330 would remove the cloak of secrecy that prevents the public from understanding whether significant amounts of educational funding for public colleges and universities is being spent for the benefit of all Californians or just a privileged few,” said Jim Ewert, Legal Counsel for the California Newspaper Publishers Association.

“In just the past few months, the scandals involving these foundations have expanded significantly to reveal that money has been used inappropriately for personal expenses, questionable loans, no-bid contracts, and executive perks for college administrators,” said Taiz.

“If government agencies can spin off front groups to handle their income with no transparency, those who provide that funding will never know quite where their money goes,” said Terry Francke, General Counsel for Californians Aware.

Before heading to the Governor, SB 330 must be approved by the full Assembly.
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cloudminder
09:17 PM on 07/02/2010
Regent Blum at University of California
owns large part of for profit colleges
yet is a major regent on board for UC, a public land grant institution

does Sen Durbin think Senator Fienstein's hubby (Blum) has a conflict of interest?
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HUFFPOST SUPER USER
LeAnn Cammack
born-again liberal
12:15 AM on 07/05/2010
Thank you for proving my point, which was not that public institutions are corruption-free, but that transparency is more often than not found in public institutions. All of these examples only show that public universities have some accountability.
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hswanson2
Could you work if farmers didn't
08:50 PM on 07/02/2010
My best friend got an MBA from UofP I think it cost more than my MS and PhD combined (even if the state hadn't payed for mine). Career-wise I don't think it has helped her at all. Can you get a good education from a for profit university - maybe - will you pay 4X more for it than you should have - definitely. Will it get you a better job - probably not. I think the only role for these places are if your employer is paying for it.
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Turtleposer
I have micro-bios in my tummy.
08:36 PM on 07/02/2010
My former university (a state school) used to reel in foreign students because they paid out of state tuition. Foreign students were a lucrative business for them. In my department, we locals were put down for being narrow-minded and less educated (I was in a very PC department) while the foreign students were universally heralded as being extremely wise & well-educated.

Yet, in the end, the foreign students were often denied their degrees for lack of English skills after attending for several years. The school kept taking their money, insulting Americans (probably because we paid in-state tuition), and then denying the foreign students the degrees after lying to them about their advanced skills. What a racket.
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Turtleposer
I have micro-bios in my tummy.
08:38 PM on 07/02/2010
My above comment was to point out that state schools are eager for extra $ too over actually educating the students.
olddognewtrick
Half full or half empty...It's the same
07:22 PM on 07/02/2010
Checkout Dana College in Blair, Nebaska...
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07:15 PM on 07/02/2010
Avoid these online colleges. Try and get into Harvard or Yale where you can become the highest of high tech criminal and a cushy job in government or on TV talking about government
BadIdeas
What if we run out of wealthy people?
07:05 PM on 07/02/2010
The demonization of corporations that seek profits is baffling; they the ones that PAY taxes that subsidize the federal loan process. Also, these colleges are meeting a demand that traditional colleges didn't. Notice how many major universities offer online courses to supplement the classroom. Finally, what about the students that were unable to get into colleges, tough luck?
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PBMac
09:51 PM on 07/02/2010
I taught at a for profit institution and let me tell you the only thing they are interested in is getting the students in and then getting more in to replace those who "graduate." I had two students who could barely read and nothing was ever done when I brought this to the attention of the administration, I was asked to change a posted grade and was told that the students are customers. These schools take much more than they ever give back to society. It gets to be a point of ethics for a professor about whether or not we should teach there. And don't kid yourself, these corporations are not paying that much in taxes, after all they have an army of lobbyists in Washington to protect their interests. Pity the poor people who graduate from them--especially the so called career schools. These students end up with a lot of debt, no job and can't transfer their credits. I think one day soon there will be two levels of of education: the for profits and the traditional schools. For profits should be outlawed.
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jeremylh1
06:53 PM on 07/02/2010
Don't waste your money on these institutions. They are a joke. A friend of mine is a recruiter for Fortune 500 companies in Mpls. and he said nearly 99% of the time those resumes are either tossed or at the very bottom of the pile.
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PBMac
09:53 PM on 07/02/2010
Having worked at one I can certainly understand this.
joefoss
They'll never take my panache!
06:45 PM on 07/02/2010
Another reason:
Why in the world should my taxes go to support a profit-making "educational" institution?
06:27 PM on 07/02/2010
Government schools only! Let's shut down all private schools, not just the "for profits". Harvard, Yale, the lot of them. ALL education should be run by the government ONLY. Get these greedy, corporate money grubbing business people OUT of our education.
06:34 PM on 07/02/2010
These "private" (more like corporatist) colleges get almost all of their income from federal student aid. The problem with that is it doesn't look like the taxpayers are getting their money's worth out of these schools.
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PBMac
09:58 PM on 07/02/2010
There is a world of difference between a for profit institution and a private nonprofit college or university. As it happens I have taught at all three of these schools and standards ARE upheld at the private institutions, and yes their credits are transferable, whereas they are often not at a for profit institution. This is the difference between private and for profits institutions.
06:05 PM on 07/02/2010
Although the for-profits have their problems, the non-profit colleges and universities aren't exactly angels when it comes to loading students up with debt. See:

http://www.edububble.com/dpp/
http://diyubook.com/