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WTF Is Wrong With Americans? This Guy Nails It.

Posted by on Aug. 13, 2014 at 1:24 AM
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1 mom liked this

...

by on Aug. 13, 2014 at 1:24 AM
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Clairwil
by Ruby Member on Aug. 13, 2014 at 2:50 AM

For profit universities are not, in principle, a bad idea.

The problem comes when they are not monitored closely enough to allow consumers to avoid being ripped off.

Maybe the problem is the criteria used in the accreditation process?

http://ope.ed.gov/accreditation/

The Database of Accredited Postsecondary Institutions and Programs is compiled entirely from publicly available information reported to the U.S. Department of Education by recognized accrediting agencies and state approval agencies that have been asked to provide information for each institution and/or program accredited by that agency.

What is the role of the accrediting agency?

The goal of accreditation is to ensure that education provided by institutions of higher education meets acceptable levels of quality. Accrediting agencies, which are private educational associations of regional or national scope, develop evaluation criteria and conduct peer evaluations to assess whether or not those criteria are met. Institutions and/or programs that request an agency's evaluation and that meet an agency's criteria are then "accredited" by that agency. 

For more information on accreditation in the United States, please visit: http://www.ed.gov/admins/finaid/accred/index.html


Clairwil
by Ruby Member on Aug. 13, 2014 at 2:53 AM


Quoting Clairwil:

the criteria used in the accreditation process

The agency's accreditation standards effectively address the quality of the institution or program in the following areas:

(i) Success with respect to student achievement in relation to the institution's mission, which may include different standards for different institutions or programs, as established by the institution, including, as appropriate, consideration of course completion, State licensing examination, and job placement rates.

(ii) Curricula.

(iii) Faculty.

(iv) Facilities, equipment, and supplies.

(v) Fiscal and administrative capacity as appropriate to the specified scale of operations.

(vi) Student support services.

(vii) Recruiting and admissions practices, academic calendars, catalogs, publications, grading, and advertising.

(viii) Measures of program length and the objectives of the degrees or credentials offered.

(ix) Record of student complaints received by, or available to, the agency.

(x) Record of compliance with the institution's program responsibilities under Title IV of the Act, based on the most recent student loan default rate data provided by the Secretary, the results of financial or compliance audits, program reviews, and any other information that the Secretary may provide to the agency; and

-Celestial-
by Pepperlynn on Aug. 13, 2014 at 3:11 AM


For-Profit Colleges Under Investigation

Students protesting the rising costs of loans for higher education.Credit David Mcnew/Getty Images

It seemed until recently that regulators and law enforcement agencies would never rein in the predatory for-profit colleges that enrich themselves and their shareholders by misrepresenting their programs, saddling students with high-cost loans and then shoving them out the door with useless degrees or no degrees at all. The situation began to change in 2011, when a group of state attorneys general led by Jack Conway of Kentucky joined forces to investigate a growing number of complaints from students who had been exploited. With so much happening at the state level — 36 attorneys general are now involved — federal agencies had no choice but to take notice.

The first company to feel the full effect was Corinthian Colleges, which recently collapsed under a federal probe. But Corinthian is not the only for profit school standing in the spotlight. Education Management Corporation, ITT Educational Services and Career Education Corporation, among other familiar names, are also facing investigations. The lengthy list of inquiries and enforcement actions published by Republic Report shows that regulatory bodies generally are waking up to a serious problem.

It is no longer a secret that some companies profit by misleading and exploiting poor, vulnerable students. And as David Halperin writes in his e-book, “Stealing America’s Future: How For-Profit Colleges Scam Taxpayers and Ruin Students’ Lives” the problem with the for-profit model as many companies practice it is quite clear. Tuition is far too high, as compared to public community colleges that students could attend; too many of the students admitted are incapable of succeeding in the programs; the programs and their job placement efforts are often weak and have deservedly poor reputations.

All this means that many students never get jobs at the salary levels they expect. When they default on their loans, as they often do, they leave taxpayers holding the bag and their financial lives in ruins. The outrageous part is that these companies are allowed to leech off the federal government, getting as much as 90 percent of their revenue from federal coffers.

The state attorneys general have come to the conclusion that the for-profit sector needs more regulatory scrutiny. But well-paid lobbyists are pushing a different story in Washington, arguing that everything is just peachy as it is. If the federal government falls for that, billions of dollars will continue to be wasted and many more people will come to harm.

Della529
by on Aug. 13, 2014 at 3:57 AM
1 mom liked this
The so-called "colleges" listed in the meme are terrible.
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