For profit post secondary schools in USA & job prospects

 

MAY 15, 2012

Students of For-Profit Colleges Have Higher Unemployment, Lower Wages

Although for-profit colleges are more successful than traditional schools at keeping new entrants from withdrawing in the first year, their students end up with higher unemployment rates and lower earnings than comparable students from other schools, says a team led by David J. Deming of Harvard University. For-profit institutions are the fastest-growing part of the U.S. higher education sector: From 1970 to 2009, their enrollment increased from 0.2% to 9.1% of total enrollment in degree-granting schools. For-profits educate a larger fraction of minority, disadvantaged, and older students than traditional colleges, the researchers say.

Source: The For-Profit Postsecondary School Sector: Nimble Critters or Agile Predators?