![]() This is a result of predatory recruitment tactics targeted at Black and Latino communities. Black and Latino students make up less than one-third of all college students, yet they represent nearly half of all who attend for-profit colleges. The story of for-profit colleges is incomplete without a racial perspective. The for-profit college system offers poor outcomes at a high cost.įor-profits target Black and Latino students 90% of all certificate-granting for-profit institutions have a majority of their graduates earning less than the average high school graduate six years after their enrollment into the program. However, even if we only look at outcomes for certificate-granting institutions where most certificate programs are 18 months or shorter, we still see for-profit colleges severely underperforming. ![]() Some have argued that for-profit colleges may be better equipped to provide short certificate programs that train students for specific industries, so they shouldn’t be compared to traditional public colleges that mainly offer 4-year degrees. Even when compared to high school graduates that did not pursue a postsecondary education, there is no evidence that for-profit college graduates with associate’s degrees have higher earnings. When controlling for socioeconomic differences among students, study after study finds that the earnings and rates of employment of for-profit college graduates are lower than (or at best similar to) those of public college and non-profit college graduates. Across a wide range of metrics, for-profit colleges underperform their peer institutions. These differences in borrowing can’t be explained by demographic differences among the student populations instead, they are mainly caused by the fact that the average tuition at a for-profit college is over $10,000 higher than at a public community college.ĭo the labor market outcomes of for-profit college students justify these higher expenses? The simple answer is no. The average amount borrowed by students in for-profit colleges is nearly $2,000 higher than the amount borrowed in 4-year public schools. 71% of students in for-profit colleges borrow federal loans, as compared to only 49% of students in 4-year public schools. ![]() There is an immense amount of evidence that for-profit colleges yield higher debts and poorer labor market outcomes for students when compared to other forms of postsecondary education.įor-profit colleges only enroll 10 percent of students but they account for half of all student-loan defaults. For-Profits are more expensive and less effective ![]()
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