so as a bleeding heart liberal I'm sorry to see educational opportunities for the disadvantaged continue to be eliminated, thereby increasing a stratified socioeconomic society. but at the same time I am bewildered by Republicans who cry foul at Big Gov interference w CCi. Simple fact is this: In general, for every student CCi (and other FPs) admit, the US tax burden increases due to repayment issues. I'm okay with this! But not sure why Republicans are (given that CCi is not really a private enterprise - no company that is 90% dependent on the Fed Gov can legitimately be called "private enterprise").
5 replies (most recent on top)
Hasn't anyone considered why CCI hasn't been shut down prior to this? Deep pockets and politics. Do all the bleeding heart liberals think that the head of CCI (Jack M) should be making $3.3 million annually PLUS bonuses and stock? All you liberals can pay your own tax money for that. I prefer that not happen, especially when you consider that there's a lot of other highly paid managers and executives. Wasn't the salaries for the top five guys around 10 or 15 million combined? And they probably a stand to make big bonuses upon the sale if the company. Why else would they stick around? It's a sure bet they all have high paying jobs already lined up after Rome falls.
23109 - what you suggest would decimate the for profit industry. (Not that there's anything wrong with that.) I've taught at several for profit institutions. While Everest is by far the worst, retention is quite low at the ones I worked at. Students take out loans for the stipends and do the most minimal work to be marked present and keep the stipend money coming. At least 40% of students have no intention of taking classes they've enrolled for. They know to just show up and sign in and then sneak off at the first break. Some take off when you turn your back to write on the board. Forget C's. They don't even need to be passing to keep getting their stipends. So, money wise, there's a benefit to both the student and the school. It's when the bills are due that everyone starts complaining. But, even when CCI is gone, all of these practices will continue, thanks to those bleeding heart liberals who find people to be victims of their lives, rather than cunning enough to take stipend checks and then bail on their responsibilities to get an education or pay back the $.
Ending Title IV funding would solve lots of problems and drive down the cost of education for everyone. Even limiting to it to regionally accredited schools or to students who are in the 30th percentile or above of cognitive abilities would go a long way to clean up a very messy industry.
"It seems vastly unfair to them that the government is interfering with an educational institution because a business is trying to make these institutions more cost-effective and profit generating." End Title IV funding, maybe?
77: Good submission. Tnx!
I have lots of friends who are very committed to Republican ideals, and I'm fairly conservative myself, so perhaps I can share my observations. Many Republicans truly believe in the power of education. Those on Wall Street have most likely not ever had contact with the type of students that Everest attracts. They probably have not even ever seen the Everest commercials (I never had before I saw them on YouTube; I found them after teaching for Everest Online for a while and trying to figure out what in the world was going on). So when high powered investors and financial analysts hear about the government shutting down a college, they imagine the college they went to (they can't imagine anything else). It seems vastly unfair to them that the government is interfering with an educational institution because a business is trying to make these institutions more cost-effective and profit generating. They have no idea what Everest students really get from their Everest experience.
Sorry ####72 and ####73. I guess I used too many big words for you.
Hey Rush, this makes no sense.
What?!?!