The obvious question is what are your options?
A for-profit school is basically a business. the school is in the business of providing a service, that during this case is education for school students. These schools are launched and managed by corporate executives and shareholders who are looking to create a profit from their business venture.
Most For-profit colleges are dedicated on providing quality education. One would think they cannot afford to compromise the quality of education otherwise their rankings will go down, which will ultimately affect their enrollment numbers. However, for many institutions, a profitable bottom line remains a priority.
A non-profit school is often launched and designed with the only real purpose of making a learning setting that serves student’s interest. the most focus of a non-profit school is to assist students complete their college degree as a launch pad for career success. Non-profits are typically publicly owned however, they can be privately owned, they are managed by a board of trustees. These types of institutions receive forms of financial aid in the form of federal and state grants. They can also receive a large portion of their funding from their donors. All of this helps them operate efficiently while keeping the tuition fees lower, which is major differentiation form for profit.
For-Profit colleges have features including high acceptance rates and flexible classroom options. Some of the features of for-profit colleges can even turn out to be detrimental to students who are searching for jobs after graduation. Here are the four biggest problems with for-profit colleges. For further details check out our video here.
Too much debt for students who can't afford it.
Lack of resources.
Little to no networking opportunities.
Things to consider:
When attempting to choose what kind of college is best for you, it’s vital to focus on the discrepancy between graduation rates. Studies have shown that students who attend bachelor’s programs at for-profit colleges tend to graduate at a much lower rate than those that attend non-profit schools. This will be attributed to several reasons, as well as fewer support services and no community. Traditional non-profit colleges tend provide additional support and career services to their students and alumni. They usually have more name recognition.
If you're trying to find a lower total cost of education, non-profit schools are undoubtedly the better choice. Enrolling in a non-profit school means that you'll be able to complete your education with a lower loan and you'll graduate with a lower student debt.