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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 ...
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.
University of Liverpool – distance education only, a division of Laureate Education; University of the Potomac – distance education offices in Washington, D.C., and Vienna, Virginia with remote administration offices as well; U.S. Career Institute – Fort Collins, Colorado; Walden University – online, a division of Adtalem Education
The profits in this new world were beyond belief. 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 ...
The University of Arizona in 2020 announced that it was creating a nonprofit that would acquire Ashford University, a for-profit online school formerly owned by education technology company Zovio ...
The Federal Trade Commission (FTC) is taking on for-profit schools, rolling out new fines for colleges that mislead students about jobs and earnings prospects.
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 ...
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 ...