Why Do You Think They’re Called For-Profit Colleges?

The article Why Do You Think They’re Called For-Profit Colleges by Michael Morgenstern discusses a good topic. For-Profit schools have been implemented in some shady situations. This article highlights some of the main problems For-Profit schools have caused. From fraudulent recruiting to the 90/10 rule that had to be implemented, all these issues have been touched on from various perspectives.
            I feel the biggest issue at hand here is the value of a degree. If an individual earns a degree from a For-Profit school, that degree should be of some value. According to this article, the few students who actually earn their degrees from a For-Profit school are deemed worthless by the workforce. Something has to be done with the accreditation process. The most disconcerting part of this article has to do with the 90/10 rule. This number is just disgusting and it opens the door for fraudulent recruiting of students. Students are recruited, explained how financial aid works, fill out the paper work and then enroll in classes. The school gets paid immediately and the government takes a hit by either paying for a worthless degree or loaning out money that will most likely not be paid back.
            For-Profit schools most likely started out with the best of intentions of educating people and making their dream jobs a reality. Unfortunately, people got greedy and turned the industry into a dirty scam. Hopefully initiatives will be taken to help fix this sickening problem.