After years of double digit increases, enrollments of new students and many for profit colleges are falling sharply. The companies attribute the declines to a weak economy and increased federal scrutiny of the sector. In a time where education has become vital for a person to be able to be competitive in the job market, the steady incline in tuition is causing people to re think the value of a degree. On top of increasing prices, for profits have been criticized for not adequately preparing students for jobs that will allow them to repay their loans at a time where affordability of college is increasing. Potential students are at a crossroads and have a big decision to make on wether or not to invest the money in a for profit school in hopes of getting a better job, or save their money and hope that they are able to progress in their current career and lead the lifestyle that they wish to have.
Despite an overall decline in enrollments for profit education, there were still a couple school that had an increase enrollments in the quarter ending in june. Both of the institutions were priced at a reasonable $250.00 per credit unit. This is just another example of how increase in cost in deterring those students whom are on the fence about school from actually taking the first step and enrolling. What can policy makers do to make school affordable for everybody?? Its a question that nobody seems to have the answer to..
Chris
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