Wednesday, July 14, 2010

For-profit colleges and the threat of a new bubble

In an op ed in the LA Times Senator Tom Harkin warns that massive defaults will result from for-profit colleges manipulating students into taking out loans that they cannot afford.

Harkin writes:

Haven't we heard this story before? It features a high-pressure sales force persuading consumers in search of the American dream to go deep into debt to purchase a product of often dubious value. Default rates are sky high. Taxpayer money is squandered. Top executives walk away with fortunes.

This sounds like a description of the subprime mortgage industry, which came crashing down two years ago. But what I just described is the reality at many for-profit colleges.

...serious questions have been raised about some of the major players in this rapidly growing industry. Critics charge that many for-profit colleges employ overly aggressive recruiting tactics targeting low-income students. Students take on excessive debt, and though dropout rates are not available, there is reason to believe that they are very high.

Critics say that the entire business model, especially in the case of publicly traded companies, is premised on a college's ability to churn through many thousands of students, whose federal Pell grants of up to $5,550 and Stafford loans are paid to the school, with no accountability for student learning or graduation. Even good actors in this industry are lured into the vortex of bad practices in order to compete and meet investors' expectations.

The entire article is linked.

189 comments:

Anonymous said...

It's ironic how people can say that For Profit colleges can sap people of money and create a bubble like the housing bubble.

...But... Don't public schools run by powerful unions that sap the taxpayers of their money... also contribute to a bubble and yet poor quality education at the same time... ?

Michael Rosen said...

No they do not. Public schools are on of America's great contributions to our democracy and for the most part they work very. They provide all children with an opportunity to learn and achieve and they have done so for generations. Public schools have been the gateway to upward mobile for millions of Americans. Without public schools they would not have become educated because the cost of a private education is simply too high. Many of the problems associated with urban public schools are the result of inadequate resources for the challenges including large numbers of special education and English as second language students. So the answer to your question is a resounding no.

Anonymous said...

buy hydrocodone cheap generic hydrocodone no prescription - hydrocodone acetaminophen buy

Anonymous said...

generic tramadol online tramadol same high as vicodin - tramadol dosage and dogs

Anonymous said...

ativan online ativan dosage sublingual - ativan dosage pictures

Anonymous said...

buy tramadol tramadol zoloft taken together - tramadol hcl 50mg narcotic

Anonymous said...

ativan sale addiction xanax ativan - ativan withdrawal

Anonymous said...

tramadol online tramadol overnight delivery mastercard - buy tramadol hydrochloride 50mg

Anonymous said...

klonopin no prescription percocet klonopin erowid - generic pill for klonopin

Anonymous said...

tramadol online tramadol 50mg withdrawal - ultram online no prescription overnight

Anonymous said...

buy tramadol cod tramadol dosage adults - buy tramadol online in uk

Anonymous said...

buy tramadol overnight cod tramadol euphoria - buy tramadol in usa no prescription

Anonymous said...

klonopin for anxiety klonopin overdose symptoms treatment - side effects 0f klonopin

Anonymous said...

buy tramadol online no prescription overnight buy tramadol cod fedex - order tramadol cod overnight

Anonymous said...

ativan online ativan online prescription - can you order ativan online

Anonymous said...

buy clonazepam online klonopin social anxiety reviews - klonopin 1 mg recreational use

Anonymous said...

ambien 10 mg ambien sleeping pill reviews - online ambien music radio

Anonymous said...

buy generic klonopin where can i buy clonazepam online in u.k - klonopin for ocd

Anonymous said...

purchase tramadol buy tramadol england - tramadol dosage 627

Anonymous said...

buy tramadol cod fedex buy tramadol sr 100 mg - tramadol high energy

Anonymous said...

soma without prescription soma muscle cramps - what does generic soma look like

Anonymous said...

buy cheap ambien ambien cost comparison - ambien sleep medication

Anonymous said...

buy tramadol online tramadol hcl medication - tramadol high length

Anonymous said...

soma online buy soma online credit card - soma 350 mg overdose

Anonymous said...

ativan for anxiety ativan 20mg - need to buy ativan

Anonymous said...

ambien order buy ambien online (no script) - generic ambien does it work

Anonymous said...

buy tramadol online no prescription tramadol hcl 37.5-3 tab myla - tramadol jittery

Anonymous said...

generic ambien ambien half dosage - when is generic ambien cr available

Anonymous said...

tramadol 50 buy tramadol legal - buy tramadol personal check

Anonymous said...

tramadol online buy-cheap-tramadol.org - tramadol withdrawal chills

Anonymous said...

buy tramadol cod next day delivery tramadol 50 mg pills - buy tramadol cod next day delivery

Anonymous said...

buy tramadol overnight shipping generic tramadol online - tramadol high grasscity

Anonymous said...

lorazepam no prescription gabapentin ativan withdrawal - lorazepam 1 mg nombre comercial

Anonymous said...

generic ambien online generic ambien id - generic ambien apo

Anonymous said...

buy discount tramadol tramadol for getting high - can you buy tramadol uk

Anonymous said...

generic ambien ambien sale no prescription - can you overdose ambien

Anonymous said...

tramadol online tramadol withdrawal - long will tramadol high last

Anonymous said...

purchase tramadol how to purchase tramadol - tramadol dosage schedule

Anonymous said...

buy tramadol india tramadol hcl for back pain - tramadol hcl and ibuprofen

Anonymous said...

ambien sleep medication cost for ambien cr - ambience mall gurgaon offers

Anonymous said...

ambien pills ambien cr under tongue - ambien effect on sleep quality

Anonymous said...

order klonopin klonopin common dosage - klonopin for getting high

Anonymous said...

soma online soma generic equivalent - soma williamsburg

Anonymous said...

buy tramadol tramadol jaw clenching - buy tramadol health solutions network

Anonymous said...

buy tramadol cod overnight legal buy tramadol online canada - buy tramadol online no prescription mastercard

Anonymous said...

ambien for sale online ambien side effects dry eyes - generic ambien 93

Anonymous said...

generic ambien ambien side effects 20mg - cheap generic ambien online

Anonymous said...

ambien online ambien cr is it addictive - ambien cr doesn't work

Anonymous said...

tramadol online order tramadol no prescription cheap - buy tramadol with a mastercard

Anonymous said...

clonazepam online what is klonopin withdrawal like - generic klonopin online

Anonymous said...

tramadol online tramadol er high - tramadol 50mg hcl

Anonymous said...

sildenafil citrate viagra for women dosage - generic viagra brand

Anonymous said...

generic carisoprodol buy somatropin eurohormones - buy soma online with cod

Anonymous said...

buy tramadol online without a prescription where to buy ultram online - buy tramadol online saturday delivery

Anonymous said...

2mg klonopin klonopin side effects night sweats - seroquel klonopin overdose

Anonymous said...

discount ambien ambien cr and pregnancy - ambien and early pregnancy

Anonymous said...

generic soma soma medication online pharmacy - soma carisoprodol no prescription

Anonymous said...

generic ambien dosage of ambien to overdose - ambien and alcohol addiction

Anonymous said...

buy ambien online no prescription ambien high fat meal - ambien generic name drug classification

Anonymous said...

tramadol online taking tramadol high blood pressure - tramadol dosage children

Anonymous said...

buy klonopin klonopin overdose many - klonopin withdrawal magnesium

Anonymous said...

buy real viagra online buy viagra online canada paypal - does viagra for women really work

Anonymous said...

ambien zolpidem ambien half life body - ambien vyvanse drug interactions

Anonymous said...

buy viagra online viagra 100mg online uk - buy viagra no prescription online

Anonymous said...

buy soma buy soma muscle relaxant online - soma san diego employment

Anonymous said...

klonopin antidepressant klonopin usage - how much does generic klonopin cost

Anonymous said...

ambien online without rx generic ambien that works - best price for ambien

Anonymous said...

buy viagra online overnight buy viagra delhi - viagra online ireland

Anonymous said...

tramadol online tramadol hcl - buy generic tramadol online

Anonymous said...

generic soma online 350mg soma bluelight - cheap somatropin hgh

Anonymous said...

soma online soma lyrics 10 years - soma san diego a day to remember

Anonymous said...

buy viagra los angeles brand viagra online pharmacy - buy pfizer viagra online india

Anonymous said...

buy viagra online order viagra with mastercard - pfizer viagra online cheap

Anonymous said...

buy soma online generic soma wiki - generic soma identification

Anonymous said...

buy cialis online no prescription cialis samples free - order cialis online with prescription

Anonymous said...

buy generic viagra online overnight cheap viagra 100mg australia - viagra online jelly

Anonymous said...

buy viagra locally viagra online bestellen ohne rezept - generic viagra in mexico

Anonymous said...

tramadol overnight shipping buyer tramadol online - treatment of tramadol overdose

Anonymous said...

buy viagra pills online buy herbal viagra online - galaxy 959 viagra board

Anonymous said...

buy cialis professional online best website order cialis - can buy cialis canada

Anonymous said...

soma online muscle relaxers list soma - soma intimates online store

Anonymous said...

tramadol online really cheap tramadol - tramadol 50 mg vs norco

Anonymous said...

order viagra internet can you buy viagra online yahoo answers - viagra online purchase canada

Anonymous said...

viagra online buy viagra online in the usa - where to buy viagra online forum

Anonymous said...

can you buy viagra online legally buy herbal viagra uk - viagra buy online ireland

Anonymous said...

buy viagra cheap viagra for women liquid - buy viagra online abroad

Anonymous said...

propecia online pharmacy buy propecia england - generic propecia uk

Anonymous said...

sildenafil no prescription buy viagra usa - cheap viagra 100

Anonymous said...

tramadol buy buy tramadol american express - buy tramadol online no prescription usa

Anonymous said...

buy viagra houston buy viagra women online - buy viagra forum

Anonymous said...

buy propecia online much will propecia cost - buy propecia men

Anonymous said...

order herbal viagra buy viagra online without perscription - viagra in canada prescription required

Anonymous said...

order tramadol overnight order tramadol from the usa - buy tramadol online usa

Anonymous said...

tramadol online buy tramadol 100 - tramadol hcl lexapro

Anonymous said...

how to order viagra online safely dosage of viagra 100mg - viagra online trusted

Anonymous said...

buy tramadol ultram can you buy tramadol over the counter in the us - buy tramadol online usa

Anonymous said...

buy tramadol no prescription buy tramadol online cod - can you buy tramadol online in the usa

Anonymous said...

cialis no prescription overnight cialis recommended daily dosage - ordering cialis online canada

Anonymous said...

tramadol 50 mg tramadol overdose usa - tramadol withdrawal symptoms

Anonymous said...

buy tramadol online tramadol 50 mg tab - buy tramadol soma

Anonymous said...

buy strattera online will there generic strattera - do strattera pills look like

Anonymous said...

buy tramadol online tramadol for dogs with arthritis - tramadol addiction success stories

Anonymous said...

buy discount tramadol tramadol hcl 50 mg mylan - tramadol for dogs and humans

Anonymous said...

order tramadol discount tramadol no prescription - tramadol ultram lawsuit

Anonymous said...

buy tramadol without a script buy tramadol online us - buy tramadol online without rx

Anonymous said...

buy tramadol 100mg online buy tramadol hcl - order cheap tramadol-overnight

Anonymous said...

buy tramadol buy tramadol in florida - cheap tramadol fedex overnight

Anonymous said...

generic tramadol online tramadol 100mg beipackzettel - where to buy tramadol for dogs

Anonymous said...

tramadol 50 mg to buy tramadol online - is it legal to get tramadol online

Anonymous said...

buy tramadol next day tramadol for dogs - tramadol normal dose

Anonymous said...

propecia mg how much does propecia cost per year - propecia hair growth results

Anonymous said...

buy tramadol hcl order tramadol cod nc - buy tramadol 50mg

Anonymous said...

buy propecia buy generic propecia usa - propecia not working anymore

Anonymous said...

tramadol 50 mg tramadol 50mg for dogs - buy tramadol online no rx

Anonymous said...

buy tramadol online no prescription tramadol 100mg online overnight - cheap 100mg tramadol

Anonymous said...

buy tramadol online tramadol hcl 100mg er - tramadol 50 mg back pain

Anonymous said...

buy tramadol overnight cod 3 50 mg tramadol - tramadol 100mg buy online

Anonymous said...

buy tramadol online tramadol 50 mg and tylenol - tramadol 100 mg get you high

Anonymous said...

buy tramadol tramadol online mastercard - tramadol hcl 100 mg tablets

Anonymous said...

propecia online propecia results crown - much does propecia cost per month

Anonymous said...

buy tramadol ultram tramadol dosage supplied - tramadol hcl 50 mg tablets

Anonymous said...

tramadol no prescription tramadol high mg - tramadol withdrawal oxycontin

Anonymous said...

generic viagra where can i buy viagra online safely - buy viagra stores us

Anonymous said...

buy tramadol buy ultram mastercard - buy tramadol with paypal

Anonymous said...

viagra cost generic viagra 100 - cheap viagra online australia

Anonymous said...

cheap viagra generic viagra online from us - safe buy generic viagra online

Anonymous said...

generic cialis cialis price pharmacy - generic cialis as good

Anonymous said...

tramadol 50mg buy tramadol pet - tramadol drug

Anonymous said...

cheap viagra buy viagra online blog - herbal viagra online us

Anonymous said...

buy viagra cheap viagra buy with paypal - viagra buy ireland

Anonymous said...

generic viagra viagra online canadian - generic viagra levitra

Anonymous said...

viagra cost buy viagra malaysia - vipps online pharmacy viagra

Anonymous said...

generic cialis buy brand name cialis online - cialis soft tabs online

Anonymous said...

viagra online without prescription generic for viagra 100mg - gov us buy viagra

Anonymous said...

cialis cost generic cialis at cvs - cialis daily use insurance coverage

Anonymous said...

buy cialis cialis daily safety - buy real cialis

Anonymous said...

generic viagra viagra for women generic - buy viagra london over counter

Anonymous said...

cheap viagra order viagra online pharmacy - does viagra work if you are drunk

Anonymous said...

viagra price buy 150 mg viagra - viagra online mastercard

Anonymous said...

generic cialis best place to buy cialis online forum - buy cialis for daily use

Anonymous said...

cialis online no prescription safe place order cialis - can buy real cialis online

Anonymous said...

generic cialis cheap cialis next day shipping - order cialis online overnight

Anonymous said...

order cialis online cialis online rx - how to buy cialis in usa

Anonymous said...

viagra online buy viagra birmingham - buy quality viagra online

Anonymous said...

buy soma online dragonica online soma - buy soma online no prescription mastercard

Anonymous said...

cheapest viagra how to buy viagra us - viagra online american express

Anonymous said...

buy soma online buy soma online no prescription cheap - order generic soma

Anonymous said...

viagra online order viagra nz - order viagra online overnight delivery

Anonymous said...

viagra online pharmacy cheap generic viagra 50mg - buy now pay later viagra

Anonymous said...

buy cialis can you buy cialis over the counter in spain - cialis что это

Anonymous said...

buy soma online soma san diego silversun pickups - soma drug test long does stay your system

Anonymous said...

viagra cost can you buy viagra online - buy viagra los angeles

Anonymous said...

viagra online order viagra toronto - buy viagra online us

Anonymous said...

buy soma online soma costa rica - soma drug test

Anonymous said...

buy viagra order generic viagra from us - viagra online singapore

Anonymous said...

soma medication what is soma carisoprodol tablets 350mg - soma special order services

Anonymous said...

soma online soma omaha - legend soma online

Anonymous said...

online soma buy soma europe - side effects soma pills

Anonymous said...

soma buy soma muscle relaxant - soma no prescription overnight

Anonymous said...

buy soma online soma muscle relaxer and alcohol - where to buy soma

Anonymous said...

buy retin a without a prescription retin a cream usa - retin a cream generic

Anonymous said...

order soma online soma bras albuquerque - how to buy somatropin

Anonymous said...

purchase soma order somatropin online - soma san diego age

Anonymous said...

soma pills generic soma 250 - cheap apartments in soma san francisco

Anonymous said...

soma medication soma drug vault - generic soma pill identification

Anonymous said...

buy soma soma muscle relaxant side effects - soma online no prescription-overnight delivery

Anonymous said...

order tramadol online overnight order tramadol online overnight - tramadol 50mg uk

Anonymous said...

buy tramadol tramadol hcl vicodin - buy tramadol online pay with cod

Anonymous said...

where can you buy retin-a retin a no prescription needed - retin-a wiki

Anonymous said...

tramadol 50mg buy tramadol no prescription overnight - tramadol 50mg for dogs side effects

Anonymous said...

cheap tramadol tramadol 50mg max dosage - order tramadol online

Anonymous said...

buy tramadol online no prescription buy tramadol with cod - soma tramadol high

Anonymous said...

tramadol 100 ultram er online - order tramadol online international

Anonymous said...

tramadol generic what does tramadol 50 mg look like - buy tramadol ultram

Anonymous said...

tramadol 50 tramadol addiction treatment centers - cheap tramadol online overnight delivery

Anonymous said...

buy tramadol online cheap tramadol with no prescription - order tramadol online forum

Anonymous said...

cheap tramadol tramadol dosage horses - buy tramadol 50 mg

Anonymous said...

buy tramadol for dogs ok take 2 tramadol 50 mg - tramadol for dogs or people

Anonymous said...

tramadol no rx tramadol 800mg - buy tramadol in florida

Anonymous said...

tramadol 50 mg buy tramadol topix - buy tramadol money order

Anonymous said...

purchase tramadol tramadol 50mg caps - buy tramadol online in uk

Anonymous said...

order tramadol online without prescription tramadol online 100mg - tramadol maximum dosage

Anonymous said...

tramadol online tramadol no prescription usa - buy tramadol online usa

Anonymous said...

tramadol online where to buy tramadol usa - tramadol 50 mg dogs side effects

Anonymous said...

tramadol online tramadol ultram ultracet - buy tramadol online paypal

Anonymous said...

where to buy tramadol tramadol euphoria dose - tramadol online us

Anonymous said...

buy tramadol india order tramadol cheap - tramadol purchase online usa

Anonymous said...

tramadol online tramadol for dogs in liquid - tramadol hcl recreational dosage

Anonymous said...

order tramadol online mastercard tramadol addictive or not - buy tramadol online usa