L.R. #2

For-profit colleges have been around since before WWII. They were originally vocational schools but after the technology boom, have switched their focus. The article tells the story of how (FPU) have become so appealing to many Americans. First off, the prices are set at a competitive rate, meaning; the price of (FPU) lie between private and public school prices. (FPU) have also streamlined their educational service, somewhat like McDonalds drive through window. At a 90% acceptance rate, basically everyone who wants to attend is welcomed. Because of strong techniques by recruiters, many prospect students are highly encouraged to get loans to attend these institutions. This all points to the fact that there are a tremendous amount of students who attend these colleges, for example, just fewer than 200,000 students ‘attend’ University of Phoenix. Because of rapid growth, venture capitalists are giving a keen eye into (FPU) and investors are pouring their money into private equity funds in the sector of for-profit colleges. These investments allow (FPU) to expand and they must also build partnerships with companies or people investing. I would like to explore that more though.

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.

A huge concept discussed is technological breakthroughs. Colleges are able to have online courses therefore many students can enroll such as University of Phoenix.

Accredited is also very important to this article. By being accredited by an accrediting agency, some (FPU) can offer degrees that are comparable to those of large public or private schools. This allows for (FPU) to be continually more competitive with the other types of colleges.

This information that the article gives me is extremely valuable. It sets the stage for (FPU), which makes me able to make connections with my own ideas. It also began to talk a little about the investment side of (FPU) and I see that as very interesting. Not only is this a very informative article but also it references many other books and articles that could help me with my paper.

·      “The success of the for-profit sector in meeting consumer needs has fueled the rapid growth of these institutions.”(136)

·       “These cost reduction strategies usually allow proprietary institutions

to set their tuition and fees above the public institutions and below the nonprofit institutions in the region they are targeting.”

·       “there is a major difference between those who are in the

business of education and those whose mission it is to provide an education.”