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Message
DeVos's Department of Education re-instates for profit college accrediting group
Posted on 11/25/18 at 2:26 pm
Posted on 11/25/18 at 2:26 pm
LINK
quote:
An accrediting group that has served as a gatekeeper of federal funds to some of the country’s most troubled for-profit colleges has been reinstated by Secretary Betsy DeVos, the Education Department announced Wednesday.
Mrs. DeVos’s decision marks the latest in a series of moves she has taken to bolster for-profit colleges, including a push to reverse regulations that would penalize schools that perform poorly on graduation rates, loan repayment and other criteria.
quote:
A Wall Street Journal analysis found that, among those remaining schools, 24% of students who graduated or left school in 2012 had paid some toward their loan balance after three years, compared with a national average of 46%. That measure is often invoked by experts to determine whether students have benefited from attending a particular school, because the ability to repay loans suggests they’ve achieved financial stability.
5
Posted on 11/25/18 at 2:27 pm to CommoDawg
For profit college is terrible.
Posted on 11/25/18 at 2:32 pm to td01241
Meh.
It's the same as some progressive paying 250k for a gender studies degree from Williams.
Stupid people will always be separated from their money.
It's the same as some progressive paying 250k for a gender studies degree from Williams.
Stupid people will always be separated from their money.
Posted on 11/25/18 at 2:34 pm to CommoDawg
So it would be better if they had NO accrediting group?
Posted on 11/25/18 at 2:35 pm to gthog61
quote:
So it would be better if they had NO accrediting group?
If the DOE didn't reinstate it the schools would not have access to federal student loans. Do you want your money going down the drain?
Posted on 11/25/18 at 2:35 pm to Turbeauxdog
Both are monumentally worthless. College needs to go back to being only for above average students.
Posted on 11/25/18 at 2:36 pm to td01241
quote:
College needs to go back to being only for above average students
This.
Of course...when you have "holistic" admissions, that's gonna be tough.
Posted on 11/25/18 at 3:33 pm to CommoDawg
End the federal department of education. Make student loans dischargeable in bankruptcy.
Posted on 11/25/18 at 3:38 pm to td01241
Which colleges are NOT trying to make a profit?
Posted on 11/25/18 at 3:47 pm to Boatshoes
quote:
End the federal department of education
Yes
quote:
Make student loans dischargeable in bankruptcy
No. There needs to be a disincentive to getting worthless degrees.
Posted on 11/25/18 at 4:09 pm to FightinTigersDammit
quote:
Which colleges are NOT trying to make a profit?
This.
Pretty much all colleges are a complete rip-off now. 80% of the degrees are meaningless.
I personally hope it all collapses before my kids turn 18.
Posted on 11/25/18 at 4:17 pm to td01241
quote:
For profit college is terrible.
Not-for-profit college is a myth.
Posted on 11/25/18 at 4:18 pm to udtiger
quote:
No. There needs to be a disincentive to getting worthless degrees.
The only way to stop this IS to make the loans dischargeable in bankruptcy. It would force loan companies to give out loans only based on merit.
Posted on 11/25/18 at 4:21 pm to FightinTigersDammit
You know what I mean when I say for profit college.
Posted on 11/25/18 at 4:26 pm to td01241
quote:
Both are monumentally worthless. College needs to go back to being only for above average students.
When was this ever the case for anything other than Highly selective private colleges? Throughout the 1950s, 60s, 70s, most of the 80s, most state colleges including LSU had open admissions, there was no minimum GPA or ACT score. If you graduated from high school or just had a GED, and took the ACT you were in regardless of score. I know, I was one of them.
Posted on 11/25/18 at 4:28 pm to CommoDawg
LOL, maybe this will pave a way to make Trump University actually successful this time.
Posted on 11/25/18 at 4:30 pm to CommoDawg
quote:Crazy thought here............but just because you have a group that CAN grand accreditation to a for profit doesn't mean it MUST do so.
If the DOE didn't reinstate it the schools would not have access to federal student loans. Do you want your money going down the drain?
Seems to me if there is a school that is considered a waste, then don't grant it accreditation. Of course, there are quite a few B&M schools that would be in the firing line too!
Posted on 11/25/18 at 4:35 pm to imjustafatkid
quote:To me, letting a kid go equally in debt whether studying engineering or dance is like giving loans for the same amount for pristine waterfront property and shite in the middle of the woods on a 45 degree angle.
The only way to stop this IS to make the loans dischargeable in bankruptcy. It would force loan companies to give out loans only based on merit.
Posted on 11/25/18 at 6:34 pm to Turbeauxdog
quote:
Stupid people will always be separated from their money.
Except the taxpayers are the ones being separated from their money here.
Posted on 11/25/18 at 6:42 pm to inelishaitrust
quote:
Except the taxpayers are the ones being separated from their money here.
But it was a nice way to payback the Devos families political donations
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