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.