For Profit

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I recently did a presentation for my public speaking class and thought the information might be helpful to people who read this blog. The presentation was about for profit schools. I actually took a couple of classes at a for profit school a couple of years ago and began to wonder if they were worth the cost as I was attending. I certainly don’t want to tell people what schools they should or should not attend, but I am going to share some of the information I came across while researching this project.

In American society today, we are taught that in order to be successful, we need to have an education. The more education you have, the more money you make, the more upwardly mobile you become. Because of this constant emphasis on education, people are looking for ways to return to school and pursue their goals. This need has fueled the rise in for profit education but are they worth it?

For profits schools are businesses that make money for its shareholders by offering a service. Non-profits are learning environments designed to serve student interests, helping them finish their college degrees and achieve career success. For profits appeal to non-traditional students because they offer night and online classes. Their offices are open during times that are generally more convenient for people who work full time jobs. They also offer accelerated degrees and promise to use your work experience as part of your degree.

The Cost

On average, for profits schools tend to charge as much as tradition colleges and universities and tend to be more than community colleges.  Where I live, students who are interested in getting an Associates in Business Administration have the option of going to Strayer University or going to a local community college, but Strayer is double the price of the community college. A four credit course at strayer is $1420 while four credits at the local community college is $620.

Reputation

30% of for profit graduates say their education was not worth it.  Why such a high rate of dissatisfaction? First, they think that by having an education, their salaries will rise. This is not always the case. According to U.S News, average salaries of graduates of for profit schools are about the same as people who have never attended college.

Graduates of for profit schools also have a harder time of it when they are applying for positions as well. Researchers at the University of Missouri-Columbia sent out 9,000 fictitious resumes of recent graduates. The resumes that listed for profit degrees were about 22% less likely to receive a callback from a prospective employer than applicants with similar degrees from nonselective non-profit schools.

Student Loans

Most troubling about for profit schools is the student loan default rate. Student loan default rates from for profit schools account for almost half of all defaulted student loans. As a matter of fact, the rise in the student default rate over the past 10 years is linked to the growth in for profit education that has been going on.

Now I will say that all for profits are not created equal. In my research there were definitely some schools that had a decent reputation. If you are really interested in attending a for profit school, be sure to research the school thoroughly. You don’t want to waste your time, and money if you are not going to receive any benefit from it.

Associates down and a Bachelors to go…

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So Monday was my official last day at my community college. This summer has been really hard due to taking a writing intensive English course and calculus. The calculus gave me the most problems and I have pretty much spent the whole summer concentrating on that. Between having class two nights per week and going to tutoring two nights per week while working full time, I am truly burnt out! Taking calculus during the summer was a bad idea.

So with the end of my calculus and literature course, I officially hold an Associate’s degree in Business Administration! It feels really good to type that. I feel like I have had so many false starts when it comes to my education that I am just ecstatic to actually finish this leg of my journey. It hit me yesterday when I checked my final grades online. You actually do have a degree!

I also had my orientation at my university a few weeks back. While I tried to wiggle my way out of attending, it was mandatory. Still, I was excited to attend. Going to community college, it is not unusual to see nontraditional students, especially in the evening classes. Not so much at the university though. It was a daytime orientation and the bulk of the students were traditional students there with their parents. Because parents were there I didn’t stand out too much. At least not until they asked the parents to go into another room and 95% of the people left were probably under 25. I did manage to meet another nontraditional student.  She was a stay at home wife and mother who was also coming from the same community college as me. We talked a bit and hopefully I will see her again.

Classes start up in exactly 19 days, and there are a few things I want to do. My school has a subscription to Lynda.com and I am very interested in taking some of the courses on there. Not just for school but for this blog and because I am interested in learning about googles adwords. School supply shopping, renting textbooks, visiting the school career services office as well as the advising office is also something I need to do.

Until next time…

An Introduction…

9syokyrq-re-jeff-sheldon.jpgHello all,

Just thought I’d introduce myself and give a little background. First, this blog is about me being a non-traditional student. For those of you who don’t know what that is, it just means that I am an older student who has been out of school for some time. I originally started college straight out of high school like so many others but I didn’t finish my degree as I had expected. I dropped out of school after about 4 semesters and entered the workforce. I have worked mostly as an Administrative Assistant but I never really embraced this profession as I never felt it suited my personality.

So I am trying to move out of this profession. I am currently finishing out my last two classes at community college and will have an Associate’s degree in Business Administration in August. Also I was recently accepted into business school at my local university and plan to begin classes there in this coming fall.

I am starting this blog for two reasons. First, I have wanted to start a blog for a long time and I thought there might be other nontraditional students out there interested in connecting and sharing knowledge. Secondly, this is my attempt to improve and gain skills. I enjoyed writing when I was in high school and thought blogging might be a good way to rediscover that lost love. I also plan to use this blog to help build up my tech skills, which I will share on this blog as I learn new things.

I am excited about the transition my life is taking as dropping out of college was always one of my biggest regrets. I know I am looking at several more years of school but I am up for the challenge!