Posts published on September 15, 2010

Are For-Profit Colleges Reforming Themselves?

  The September 11 issue of the Economist highlights self imposed reforms by for-profit colleges like Phoenix and Kaplan. Some of these changes are:

  -Hiring there own mystery shoppers to test their sales practices to prospective students.

-Disconnecting recruiters pay from the number of students recruited

-Create a three week orientation during which students can quit without charge

Offering a full refund if students drop out during their first term

 Calling for new federal and state regulations to apply to the non profit colleges.

  I wonder how wide spread these policies will become throughout the industry.