Jsnhbe1Birds wrote:goramblers2011 wrote:"Grand Canyon University: A glorious duty to Our Lord and a fiduciary duty to our shareholders!"
If you think about it churches are worse. At least schools like grand Canyon and liberty are educating and giving out legit college degrees to better the future. Churches just pass around a basket begging for donations to make you believe youre going to hell of you don't come on Sundays. They do nothing for the future. I could care less that a religious based institution is taking care of itself instead of relying on the insecurities of others.
You missed the part where the for profit college rakes in hundreds of millions in profit for their rich shareholders off the backs of penniless students taking out federally backed loans they'll never be able to repay because their for profit degree is worthless as proven by 3x higher student loan default rates as compared to nonprofit grads.
Also how they recruit at Wounded Warrior Centers and Veterans’ Hospitals so their rich shareholders can throw gold toilets on their Ferraris.
Or how Grand Canyon spent $2,177 per student on instruction in 2009, compared to $3,389 per student on marketing and $1,848 per student on profit. In contrast, public and non-profit 4-year colleges and universities, generally spend a higher amount per student on instruction while community colleges spend a comparable amount but charge far lower tuition than for-profit colleges. Other Arizona-based colleges spent, on a per student basis, $10,336 at University of Arizona, $10,219 at Midwestern University, and $4,305 at Phoenix College, a local community college.
Source:
https://www.help.senate.gov/imo/media/f ... Canyon.pdf
But at least they seem better than Corinthian Colleges, Inc., which was shut down thankfully.
