Friday, October 5, 2012

BLOG POST #3 :Drawing connections to inner city kids

        From a business perspective, urban areas seem like the best place to advertise and build for-profit education institutions, mainly because of the potential revenue. Every American student is worth an estimated $117,000 in student aid (Parker 2). Also, undergraduates from the inner city are usually entitled to more government aid that the average student. Although for-profit colleges have limited array of course selections, the structure of their education system is one that allows for a student with a full time job to continue their education as conveniently as possible. Proprietary colleges have done their best to have students' education fit their busy lifestyle  For example, the University of Phoenix includes online courses and schools that are conveniently close together -approximately "twenty minutes apart to accommodate for rush hour" (Mark DeFuso, College Inc.) Students, especially those in urban areas, are finding that it has become more convenient to work while getting an education. But at what cost? Is the convenience worth spending 3 to 4 times as much as you would at a community college?

2 comments:

  1. I think you should compare the way for-profits are exploiting inner city kids to the way the banks exploited marginal borrowers -- many from the inner city -- by giving them "subprime mortgages." In "Price of Admission," Senator Harkin agrees with the reporter that the loans created by for-profit colleges are essentially "subprime," and students are getting a "subprime education." I think you should explore that connection.

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