Rising Hegemon
For-profit colleges are facing a tough test: getting new students to enroll.
New-student enrollments have plunged—in some cases by more than 45%—in recent months, reflecting two factors: Companies have pulled back on aggressive recruiting practices amid criticism over their high student-loan default rates. And many would-be students are questioning the potential pay-off for degrees that can cost considerably more than what's available at local community colleges...
Some companies are feeling pain not only from students shying away but from their own tightened admissions standards. Washington Post Co.'s Kaplan Higher Education, like Apollo, now requires certain students to participate in a trial program before enrolling and paying tuition. Kaplan reported a 47% decline in new-student enrollment for the June quarter. Even without the orientation program, new-student enrollment would have dropped 36% in the quarter.
That'll teach 'em to even pretend to have a conscience!f
But the important question is how will this affect the ability of the paper to continue paying Richard Cohen, Robert Samuelson or Fred Hiatt?
Oh, silly me, they'll just let go of more actual reporters.
[cross-posted at Firedoglake]
4 comments:
Strip mining the streets and homless shelters for winos, bums and brain-damaged vets was profitable for Kaplan and other for-profit colleges. Every warm body qualified for a bonanza of federal loans. And Kaplan got paid whether the student dropped out or not.
The administration had a chance to end this fraud, but they dropped the ball. The additional requirements placed on Kaplan and others are barely a slap on the wrist.
But some are doing worse than Kaplan, and are in dire need of more discipline. Like the University of Northern Virginia
Stony ---- eeewwwwww!!! and what is it with so called 'adult males' taking photos of themselves shirtless in the mirror? That's something that screams 'emotional growth stunted at 15'.
when modernity really needs filters.
i guess bansters no loger wanna play.
if memory serves, students used to be able to get school loans directly from the government with a low interest rate. clinton opened up the door and allowed banksters to prey upon the masses. thanks bill. i'm sure hillary would have been much better.
not.
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