Take 2 On For-Profit Earnings Study
Career College Central Summary:
The final results were corrected in a recent study comparing how for-profit and nonprofit colleges stack up in job market returns of their certificates and associate degrees.
The National Bureau of Economic Research released both iterations of the study, which was written by Kevin Lang and Russell Weinstein, two professors of economics at Boston University. A “working” version of the research went live last summer. It found “large, statistically significant benefits from obtaining certificates/degrees from public and not-for-profit but not from for-profit institutions.”
However, researchers received feedback during the peer review process that led to revisions and improvements. The two economists tweaked their methodology and came to a different conclusion about the relative value of credentials earned at for-profits.
The paper now notes, “We find no statistically significant differential return to certificates or associates degrees between for-profits and not-for-profits."
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