For-profit colleges - including 3 in Minn. - blasted for dropouts

  • Article by: JIM SPENCER , Star Tribune
  • Updated: July 30, 2012 - 11:14 PM

Senate report says such schools, including three in Minnesota, result in debt but not degrees.

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shwan80Jul. 30, 12 9:59 PM

Funny, Rasmussen let my wife finish her Associates Degree in Medical Transcription all the while the entire industry was being replaced by word recognition software. They charge you a fortune for an education that you might never get a chance to use and never call you to tell you that you are working toward a degree that won't be worth the paper that it is written on. Go to the MNSCU system and find a degree program that will work with your schedule...don't settle for an overpriced degree simply because of the convenience of time.

grmartin23Jul. 30, 1210:27 PM

For profit colleges and universities are a cancer. They overcharge for a shoddy product and, as a manager, I would not consider a degree from one of these diploma mills to be remotely equivalent to even the worst branch of a public university. I'd put a 2.5 GPA from University of Michigan Flint ahead of a 4.0 from Rasmussen.

endothermJul. 30, 1210:32 PM

Though a few hardworking students may manage to get a good result from for-profit colleges, most do not. Their business model involves luring in lower income students and veterans, pocketing their loan money or government grants, and then sticking them in classes (online or in-person) with poorly paid professors, substandard facilities and little advising or help for students who encounter difficulties. That's where their "profit" comes from--charging top dollar while delivering a second-rate service. Students drop out in large numbers. This is why they spend so much on marketing; they need a constant supply of fresh bodies. Go to a state university or an accredited non-profit private college instead of wasting your money on these for-profit institutions. If you don't have the grades to get in, start out at a community college and then transfer.

hittodeadJul. 30, 1210:35 PM

Why should these for-profit colleges get any public funds? Shouldn't they just market their product on their own let the market decide, like any other business?

regionguyJul. 30, 1210:36 PM

Just on the surface of it, referring to "private capital" when 80% of the revenue comes from the feds seems disingenuous at best...

kenw1952wJul. 30, 1210:42 PM

I have worked college admissions for 20+ years and have always toward friends that I would love to sit in the parking lots of these for profit schools and carry a picket sign. I am surprised it has taken politicians this long to figure out what has been obvious for decades. I worked at Globe College/Mn School of Business for a couple of years and had to quit because I couldn't ethically keep doing what was expected. For profit schools found a niche, individuals who are not academically eligible to get into a public school,get them excited and rush them to the "Financial Aid Office" so they could see how much "free money" they were getting. These individuals would be much better served going to a trade school and actually developing some skills to make them employable. A large percentage of these students never made it past 1 or 2 semesters but the school got the "financial aid". Anyone who would consider these for profit schools would have a better chance if they spent their money on the lottery.

kenw1952wJul. 30, 1210:46 PM

The State Attorney General did a good job on Accretive , now it should turn it's sights on "for profit schools".

gwbuddyJul. 30, 1211:40 PM

It is VERY IMPORTANT that a person does their own: Research, Homework, Exploring, etc. BEFORE signing up for many things in life: Financial Planning, Money Investments, Mortgages, Loans, Medical Tests, Chiropractic Care, Automobile Purchases, Electronics, Cell Phone Contracts, etc. Add these Private, For-Profit schools to the list. I do think that the students should have done a better job of checking things out BEFORE enrolling at those "Diploma Mills". However, it does sound like many of these schools "Took Advantage" of their students. Many had probably not yet learned that they need to check out things BEFORE "signing on the dotted line". What these For-Profit schools did was criminal!

mcjoe1Jul. 31, 1212:01 AM

And why is our worthless congress not stepping up and actually pushing forward the gainful employment clauses and similar legislation? Sure conservatives want nothing more than all educational institutions to be for-profit, but that doesn't mean it's okay for these institutions to be ripping off unsuspected students.

linoladyJul. 31, 1212:48 AM

Let me think about this for a minute...who would I hire? Someone with a 4 year degree from Carlson School of management at the U of MN...or someone with a 4 year business degree from Rasmussen? Go figure why those with degrees from "for profit" schools have more difficulty finding jobs in this competitive job market than those with degrees from highly regarded public colleges.


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