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College admissions
Course: College admissions > Unit 3
Lesson 2: College search: Type of college- Identifying target colleges
- Explore colleges on Big Future
- Comparing vocational vs 2 year vs 4 year colleges
- Comparing public vs private colleges
- Comparing universities vs liberal arts colleges
- Comparing nonprofit vs. for profit colleges
- Comparing highly selective vs selective vs nonselective colleges
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Comparing nonprofit vs. for profit colleges
Want to join the conversation?
- Is a for profit school the same as a private school(8 votes)
- How do profit vs. non--profit affect the quality of education?(3 votes)
- For-profit colleges should be thoroughly vetted. Some of the "largest players" in the for-profit world are currently being sued. Do your research before applying.
http://www.consumerfinance.gov/newsroom/cfpb-sues-for-profit-corinthian-colleges-for-predatory-lending-scheme/
http://www.consumerfinance.gov/newsroom/cfpb-sues-for-profit-college-chain-itt-for-predatory-lending/(3 votes)
- I am from India.
Can i get admission in MIT , Harward and Stanford like colleges with financial aid?(3 votes) - What are examples of for-profit schools and non-profit schools? Are for-profit schools usually universities or liberal arts schools?(1 vote)
- Here you'll find a list of for-profit schools: https://en.wikipedia.org/wiki/List_of_for-profit_universities_and_colleges
This is a relatively tiny list, compared to the number of non-profit schools in the country. There are about 4,000 schools in total, but only a couple hundred are for-profit.
You can expect it to be lower in the future. The number is dwindling as the federal government cracks down on for-profit institutions. The biggest one that recently shut down is ITT, who had to close their doors last year in 2016 after being investigated.
For-profit schools teach anything from the trades, to Law, to the liberal arts. For example, ITT was a trade/technical school, the Arizona Summit Law School is a law school, and Academy of Arts University is an art school. So as you can see, for-profit education spans across a wide variety of education.(3 votes)
- why would any one do homework?(1 vote)
- It's simple:
- If you want to go to a good college then you need to do everything in your power to get good grades so that you can go to a good college, because believe it or not colleges look at things like that.
- If you don't want to go to college or go to a good college then all you have to do is attend school and you will be fine.(1 vote)
Video transcript
- In your research process
you may also come across terms that are not-for-profit
schools and for-profit schools. They're very different
types of institutions, so you want to be careful to make sure you really do good research. Not-for-profit schools are the ones you probably readily recognize, most of the national universities
are all nonprofit schools. For-profit schools have really shown up in the last 10 to 15 years and have become a bigger
player in this market, but they have a very
different business model. Their job is to make money, so they're making different decisions, it's not to say that you can't get a good education from them. Again, maybe they be teaching things like jobs for an x-ray technician, or crime scene investigator, or maybe cosmetology,
those sorts of things. But you want to be careful
and do your homework, you want to make sure that you go and see are students graduating in four years? What's the average loan debt they have to take out at that school? Upon graduation, are they getting jobs in the field they've studied in? And maybe what's the average salary for those starting students
coming right out of school?