Imagine trying to chat up a hottie at a bar by saying, “I’ve got a degree from the University of Phoenix.”
Listen up, all youaspiring Don Juans:A degree from a for-profit university
has no cachet. The sector survives by scooping up as many Federal
student loan dollars as it possibly can.Uncle Sam won a multi-million
dollar settlement from the University of Phoenix (APOL) for overly aggressive recruiting.
So, naturally, the for-profit education sector is booming and now enrolls about a million students nationwide.
The money-making enterprises don’t offer ivy-covered walls, football teams
or endless bull sessions at the student union. They do, however, fill a
need. (Minyanville) Read full story.