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For-profit education (also known as the education services industry or proprietary education) refers to educational institutions operated by private, profit-seeking businesses. For-profit education is common in many parts of the world, making up more than 70% of the higher education sector in Malaysia , Japan , South Korea , Indonesia and the ...
Conversions from for-profit to nonprofit are legitimate when the assets and income are fully committed to the educational purpose, and control by private interests is eliminated. Some converted nonprofits may not be legitimate. [ 12 ]
The for-profit education industry also receives billions of dollars through VA benefits also known as the GI Bill. [53] In the 2010–2011 school year, more than $1 billion went to eight for-profit schools. [94] [95] In the 2012–2013 academic year, 31 percent of GI Bill funds went to for-profit colleges.
One study found that the for-profit industry netted 55% profit margins between 2000 and 2012. In other words, for every dollar they took from students, 55 cents went to shareholders, with overall ...
It's difficult to identify turning points for an industry and say: "That's when everything started to change." But if forced to, I would have to say that August 2010 was when the gravy train that ...
Shares of for-profit education companies have survived Congressional inquiries, changing Department of Education rules, and more stringent oversight from regional accrediting bodies. But don't ...
The most significant industry lobby is Career Education Colleges and Universities (CECU), previously known as The Association of Private Sector Colleges and Universities (ASPCU). Before 2010, the organization was known as the Career College Association. [136] The Cato Institute's Center for Educational Freedom also supports for-profit higher ...
I'm taking time this week to dive deeper into the for-profit education industry. Back in February 2011, I told readers why I was staying as far away from the industry, as an investor, as possible.