In today’s society, it is apparent that without a Bachelors degree, finding any job that allows one to be self-sufficient is growing slimmer. Thus the government acts as a middleman between most lower class citizens and for-profit colleges by offering up millions in aid dollars for them to pursue a degree. The reality is that the government aid is dropping people into enormous debt, which actually benefits for-profit colleges because nearly all of their revenue comes from government loans. This paper is motivated by the close relation that government and for-profits have in providing a new wave of enslavement, college debt. It clarifies the business model of for-profits and investigates the efforts done by legislators to undue any regulation on these colleges. There is a recurring sense that the government is working with for-profits to exploit the lower class to rid them of the political and economical power.
Campos, Paul. "The Law-School Scam." TheAtlantic.com. 13 Aug. 2014. Web. 14 Oct. 2014. <http://www.theatlantic.com>.
In Higher Education 54.1 (2013): 1-29. Academic Search Premier. Web. 17 Oct. 2014.
David Austen-Smith and John R. Wright
American Journal of Political Science, Vol. 38, No. 1 (Feb., 1994), pp. 25-44
Morey, Ann I. "Globalization And The Emergence Of For-Profit Higher Education." Higher Education 48.1 (2004): 131-150. Academic Search Premier. Web. 8 Oct. 2014.
Press, David. "Government Books $41.3 Billion in Student Loan Profits."USA Today. Gannett, 25 Nov. 2013. Web. 29 Nov. 2014. <http://www.usatoday.com/story/news/nation/2013/11/25/federal-student-loan-profit/3696009/>.
Kirkham, Chris. "For-Profit Colleges Owned By Wall Street Companies Fare Worst Under New U.S. Measures." The Huffington Post. TheHuffingtonPost.com, 26 June 2012. Web. 29 Nov. 2014. <http://www.huffingtonpost.com/2012/06/26/for-profit-colleges-new-measures_n_1626286.html>.
Kingkade, Tyler. "For-Profit Colleges Spending Millions On Lobbying, Nearly $40 Million Since 2007." The Huffington Post. TheHuffingtonPost.com, 30 Aug. 2012. Web. 29 Nov. 2014. <http://www.huffingtonpost.com/2012/08/30/for-profit-colleges-lobbying_n_1842507.html>.
Mettler, Suzanne. Degrees of Inequality: How the Politics of Higher Education Sabotaged the American Dream. Print.
O'Malley, Susan. "The Leading Edge Of Corporatization In Higher Ed: For-Profit Colleges." Radical Teacher 93 (2012): 22-28. Academic Search Premier. Web. 17 Oct. 2014.
Parker, Chris. "For-Profit Colleges Only a Con Man Could Love." New York News and Events. 1 Aug. 2012. Web. 11 Dec. 2014. <http://www.villagevoice.com/2012-08-01/news/For-Profit-Colleges-con/full>.
Tierney, W., & Hentschke, G. (2007). New Players, Different Game: Understanding the rise of for-profit colleges and Universities. Baltimore: The Johns Hopkins University Press.