Wednesday, October 15, 2014

OCT 15 HW

Young, Black, and Buried in Debt: How For Profit Colleges Prey on African American Ambition
1. Author: Kai Wright
    Publication: Article for The Investigative Fund at The National Institute
    Year: 2010
    Pages: 6
2. Carey's Claim: Problems and Abuses exist in FP sector, and many operators refuse to admit this "Large numbers of graduates of FP are having trouble paying back loans; aggressive recruiters; huge loan/debts; worthless degrees; stories from the news; obama administration propsal; congressional hearings"
3. ". Nearly every single graduate of a for-profit school — 96 percent, according to a 2008 Department of Education survey — leaves with debt."
"They’ve [african-americans] landed, disproportionately, at for-profit schools, rather than at far less expensive public community colleges, or at public universities. And that means they’ve found themselves loaded with unimaginable debt, with little to show for it, while a small group of financial players have made a great deal of easy money"
4. This source extends Carey's argument of FP schools targeting certain individuals who would be a great candidate to be admitted to the school. The source discusses the loan debts a student endures and also questions the value of the degree they received attending the FP school.

 Excerpts from Government Accountability Report on For-Profit Universities
1. Full report: 'For-Profit Colleges: Undercover Testing Finds Colleges Encouraged Fraud and Engaged in Deceptive and Questionable Marketing Practices.'
   Year: Aug 4, 2010
    Pages: 4
2. Carey's Claim: Increased oversight and regulation is warranted in order to stop abuses  "Abuses in industry. Clifford's abstract concession P8"
3. "Admissions representatives at four colleges either misidentified or failed to identify their colleges' accrediting organizations. While all the for-profit colleges we visited were accredited according to information available from Education, federal regulations state that institutions may not provide students with false, erroneous, or misleading statements concerning the particular type, specific source, or the nature and extent of its accreditation"
" representatives at two colleges told our undercover applicants that they were guaranteed or virtually guaranteed employment upon completion of the program. At five colleges, our undercover applicants were given potentially deceptive information about prospective salaries."
4. This source illustrates/extends Carey's argument of FP schools running like a scam/fraud with their sketchy recruiting techniques. This source also supports the argument of students graduating from FP schools having a hard time finding employment.

 “For-Profit Colleges Deserve Some Respect,”
1. Author: Michael Seiden
    Publication: The Chronicle of Higher Education, Volume 55, Issue 41
    Pages: 3
2. Carey's claim: Criticisms of the FPs by non profit colleges are flawed and hypocritcial. They are wrong to think FPs are going away.
3. "Enrollment in for-profit colleges, while still a relatively small share of the higher-education market, has grown more than tenfold over the past decade. For-profit education companies are now in high demand among venture capitalists and investment bankers, and the industry is one of the rare ones that is faring well in this economy"

" There have unquestionably been abuses in some for-profit education institutions, but the same can be said about private and public traditional institutions as well. Perhaps it’s time to evaluate institutions on their own merits, rather than classify them by stereotypical categories." 
4. This source supports carey's argument of FP schools being here to stay. This source also discusses how FP deserve more respect than they actually receive; helping students receive a higher education.





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