2 Million Students Now Attend Private For-Profit Colleges
Private for profit-colleges are growing faster than public and non profit colleges, and award 16% of all associate degrees. Students tend to complete associate degrees more quickly, and at higher rates than non profit instiutions according to the USA Department of Education. 60% graduate from for 2 year for-profit colleges compared to 22% at public community colleges. But for profit colleges have higher student loan default rates. despite their high costs of recruiting new students. Moreover, 54% of students graduate from 4 year public colleges compared to 44 % at for- profit colleges. Tuition at for profit 2 year colleges is 6 times higher than a public community colleges. Revenues at for profit colleges of all types is projected to reach 42 billion in 2014.
All this and more is in the November 8 issue of the Chronicle of Higher http://chronicle.comducation