Friday, September 26, 2014

The Universal Failure Of For-Profit Colleges Is Emblematic Of Capitalism's Decline

Ever More Corporate Welfare

The public investment in for-profit colleges isn't paying off. "For-profit colleges can’t get no respect, at least not from employers. Which suggests that maybe they should be getting less generous taxpayer subsidies, too.... it turns out that dropout rates aren’t the only reason this sector’s default rates are so high. The lucky few students who actually complete their degrees have serious trouble getting jobs, too....These findings, like others suggesting that for-profit college graduates have higher unemployment rates, should give pause not just to students considering attending such schools but to policymakers and taxpayers more broadly." Catherine Rampell in The Washington Post

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