Profit Colleges facts
While investigating facts about Profit Colleges Vs Nonprofit and Profit Colleges Definition, I found out little known, but curios details like:
Students at for-profit institutions represent only 11 percent of college students, but they make up 44 percent of students who default on their loans.
how much profit do colleges make?
For profit colleges were first created in the US in the 1940's as "fly-by-night commercial vocational 'schools'" designed to collect veterans' tuition grants due to the newly created GI Bill's then-lax requirements and limited oversight to prevent such abuses.
What are non profit colleges?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering for profit vs nonprofit colleges what the difference. Here are 15 of the best facts about Profit Colleges Shut Down and Profit Colleges Closing I managed to collect.
what are for profit colleges?
-
Less than 10% of college Athletic programs turn a profit.
-
Although College Football can be extremely profitable, only 22 of the 120 top-tier football programs broke even or make a profit.
-
College Board, a "non-profit" organization that administers the SAT and AP tests made over $60 million in profits in 2014.
-
Full profit Colleges [Universities] in America went to wounded solider camps and targeted even brain damaged vets to convince them to take a course with them in order to reach their budget. [12:06]
-
For-profit colleges enroll between 10 to 13% of college students, yet receive 25% of all federal financial aid dollars.
-
For-profit colleges (ie University of Phoenix) enroll roughly 12% of the country's students, but students at for-profit colleges accounted for about half of student loan defaults in 2013, according to federal data.
-
50 cent is not an asshole and is an avid philanthropist. Not only does he provide college grants through his G-unit foundation, He is also aiming to provide 1 billion meals through profits from his SK energy shots, and 250 million meals through his SMS headphones.
-
Betsy Devos fired the people in the Dept. of Education staff that were pursuing education fraud by for-profit "colleges" and replaced them with executives from those self-same "colleges"
Why for profit colleges are good?
You can easily fact check why do for profit colleges exist by examining the linked well-known sources.
Richard C. Blum, husband of Sen. Feinstein, is chairman of the reagents of the University of California and once held dominant shares of two for-profit universities. UC investment managers subsequently invested $53m in public money into the two for profit colleges Blum had stake in.
Senator Diane Feinstein profited off the Iraq War, for-profit colleges, selling off of government buildings. She supported all of these issues in her official capacity. - source
Only 20 of the 1,083 college sports programs in the nation are profitable - source
