The for-profit college system is broken and the Biden administration needs to fix it

The for-profit college system is broken and the Biden administration needs to fix it For-profit colleges have a long history of engaging in manipulative behavior to preserve the flow of Title IV funds to their schools while providing their students a poor education. After the quadrupling of undergraduate enrollment in for-profit colleges from 2000 to 2010, Obama-era regulations led to the closure of some high-profile schools and a slight decline in enrollment overall. Now, four years of Trump administration deregulation along with the COVID-19 recession have created a perfect storm for the resurgence of the for-profit sector. The incoming Biden administration must prioritize regulating for-profits in order to protect students and taxpayer dollars. Director – Future of the Middle Class Initiative There is an immense amount of evidence that for-profit colleges yield higher debts and poorer labor market outcomes for students when compared to other forms of postsecondary education. For-profit colleges only enroll 10 percent of students but they account for half of all student-loan defaults. 71% of students in for-profit colleges borrow federal loans, as compared to only 49% of students in 4-year public schools. The average amount borrowed by students in for-profit colleges is nearly $2,000 higher than the amount borrowed in 4-year public schools. These differences in borrowing can’t be explained by demographic differences among the student populations; instead, they are mainly caused by the fact that the average tuition at a for-profit college is over $10,000 higher than at a public community college. Kristina MurrayKristina Murray extensive work experience that varies from programming to PR, I have come to learn that my passion is in digital transformations, digital business development and digital strategy. The analysis of data to improve an online position for any company is what drives me. – Digital Business Development / Strategy – Social networking strategy. – Digital advertising – E-Comercio

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