For-Profit Colleges

The well-situated Business of For-profit Colleges Higher teaching is a very profitable field, and because of that, for-profit schools collapse been dictated under scrutiny. In the documentary film College Inc. , Michael Smith, the correspondent, investigates the check and tremendous growth of for-profit colleges in the spicyer(prenominal) education industry. With the savants best interests in mind, umteen the great unwashed arrive at begun to question the haleness of these schools.However, they do not clear into composition the benefits that these for-profit colleges fuck offer to non- tralatitious students, loose them the opportunity to obtain a forest education, and arketable Job skills. For-profit colleges argon continuously pass judgment the abundance of students who have realized that they inquire to go back to school because Jobs atomic government issue 18 scarce, and education is needed. Advertising plays a spacious part in the large build of students en rolled in for-profit colleges.Successful colleges typically spend 20 to twenty five percent of their contri savee revenue on advertising. This marketing encourages students to take the next step and enroll themselves in a college that they may not be academically or financially wee-wee for. Because College Inc. presents he hearing with interviews from multiple sources including antecedent students, school executives, government officials, and enrollment consultants, it in effect portrays the many different perspectives of the industry, and the tension inwardly it.Michael Clifford, a author musician who neer went to college, purchases struggling traditional colleges, and turns them into for-profit companies. He believes that it takes the collar Ms to turn a college around Money, management, and marketing. To stock certificate these turnaround projects, Clifford presents to his investors the benefits of putting money into fixation these colleges. From an investors point of view, for-profit colleges can be a huge source of income. Jeffery Silber, a precedential analyst at BMO Capital Markets, opines From a business perspective, its a great story. mioure component a market thats been traditionally underserved. And its a very profitable business it generates a lot of free cash flow. that from a students perspective, it is not fair for their education to be turned into a business. registration consultants play a huge single-valued function in the success of for-profit colleges. They are necessary to recruit a large make out of students. The pressure to grow has presented questions about nrollment techniques. nigh colleges have been accused of using high pressure sales tactics to deject students to fill out application papers.Many of these colleges say they do not have quotas, but Tami Barker, a former enrollment advisor at Ashford University, says she was instructed to make 1 50 calls a day, and coda on at least twelve students a month. l di dnt realize Just how many students we were evaluate to recruit. says the former enrollment guidance. They used to make out us, you know, Dig deep. Get to their pain. Get to whats bothering them. So, that way, you can convince hem that a college breaker point is going to solve all their problems. enrollment advisors convince students that attending college will be easy and affordable even when they are not academically, or financially capable. Dan meretricious says The concern is that theyre bringing in students who cant conform to or graduate, onusing them with debt. The documentary College Inc. presents its audience witn a great deal ot students who matte that they were mislead by these enrollment advisors. The debt load of for- profit students is more than twice the come up of students at traditional schools.Anne Cobb, a former student at The University of Phoenix, says an enrollment advisor at the university helped her get a student loan even though she was go in bi lls. Sherry Haferkamp, a graduate from Argosy University-Dallas says she believed a lot of lies that were told to her, and it was not until after the concomitant that she realized they were anything but the truth. When she talked to an enrollment counselor at Argosy, he said You know, kind of of applying for the masters program, go ahead and apply for the doctorate program. Theyve got two spots available, so you ruin apply right now.After obtaining her point, and accumulating over 100,000 dollars in federal student loans, Sherry finds out that her degree is not even accredited by the American Psychological Association. She feels that she is at a dead end, and filed a lawsuit claiming that she was defrauded. The documentary College Inc. , was effective in its purpose of video display the importance of for-profit schools. A large number of students who would never have been accepted into a traditional college, have now been prone the opportunity to obtain a degree. Investors wh o have put money into these failing colleges have profited a great deal.Michael Clifford turned traditional colleges that were in a downward spiral, and close to shutting down into successful for-profit schools. rase though the documentary shows a a few(prenominal) students who are unhappy with their experiences, it seems that more people have benefited from these colleges than those who have not.