Apollo, ITT, etc - all dropping.At some price just about anything becomes a bargain. The questions are: what does the future look like for the industry, and who will be the survivors?
On top of their current problems, it will be hard to compete with free education:Universities Reshaping Education on the Webhttp://www.nytimes.com/2012/07/17/education/consortium-of-co...As part of a seismic shift in online learning that is reshaping higher education, Coursera, a year-old company founded by two Stanford University computer scientists, will announce on Tuesday that a dozen major research universities are joining the venture. In the fall, Coursera will offer 100 or more free massive open online courses, or MOOCs, that are expected to draw millions of students and adult learners globally.
I lost money on Apollo. I think that since that since the students are not getting govt. loans as easily, or at all, they are in bad shape.There was a big scandal about high pressure tech., and lies, to get students to sign up, and pay for the education through govt. loans, and then a huge percentage of the students did not finish the program, or could not find work if they did.That caused the govt. to cut off easy access to loans for the students.I am going to stay away.
There was a big scandal about high pressure tech., and lies, to get students to sign up, and pay for the education through govt. loans, and then a huge percentage of the students did not finish the program, or could not find work if they did.Yup, that's pretty much what happened. What happens going forward is the important idea.
What happens going forward is the important idea. Indeed.There is some evidence that there is no way that traditional US collegesand universities can handle the number of people who will want qualifications,nor the number of people that government policy wants to have them.Thus, there should be a good demand for for-profit education shops in fugure.I can't think there is any reason that there can't be any good ones,nor any reason the government would have a hard time providing financialsupport to students attending those good ones.So, it's a matter of figuring out how big the "honest" market is likely to be,and who among the current players is the closest to being honest.There's a good chance that whoever that is (Kaplan? No idea) is probably oversold in a baby-with-the-bathwater kind of way.It's quite possible that it's a good business to be in even when done in a straight-shooting way.JimNo position
I know a decent amount about this industry, because I owned apollo. They service lower income people, many of whom have full time jobs, and children. It would be impossible for them to go to a traditional college. They also go out into industry, and look for what companies are looking for in employees.There is definitely a need for this. Because the people who use these colleges have so many other responsibilities, and also lack some basic skills, a lot of them drop out.The question is whether the govt. will keep giving the students loans to go to these schools.
They service lower income peopleDo APOL provide income range of their student population?Perhaps I could be wrong, but I thought, recently, especially with UoP they are attempting to target "higher priced, higher quality".Any ideas?
I don't about apol, but I know that you can get master's degrees in computer science for example from for profit universities, so I think that there are high income people using them. I think though that they are not the typical student.
DeVry (DV) seems to be the diamond in the rough among these universities.Not too greedy, nice fundamentals.Once upon a time I thought STRA (Strayer) was OK, but the debt level and the CEO shenanigans prove me wrong.
I know that you can get master's degrees in computer science for example from for profit universities,That seems like incorrect. I know many "for-profit" universities do offer MS on computer science and UoP certainly offers it. Here is the link.http://www.phoenix.edu/programs/degree-programs/technology/m...
That seems like incorrect. I know many "for-profit" universities do offer MS on computer science and UoP certainly offers it. Here is the link.Why is what I said incorrect. I was saying that I think you can get a master's in computer science from for profit schools. I just had not looked at apollo's course selection.
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