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.
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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