For-profit education

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For-profit education (also known as the education services industry or proprietary education) refers to educational institutions operated by private, profit-seeking businesses.

There are three types of for-profit schools. One type is known as an educational management organization (EMO), and these are primary and secondary educational institutions. EMOs work with school districts or charter schools, using public funds to finance operations. The majority of for-profit schools in the K–12 sector in America function as EMOs, and have grown in number in the mid-2000s. The other major category of for-profit schools are post-secondary institutions which operate as businesses, receiving fees from each student they enroll. A third type of for-profit schools, which is less prevalent in the United States, are K–12 schools which operate as businesses.

EMOs function differently from charter schools created in order to carry out a particular teaching pedagogy; most charter schools are mission-oriented, while EMOs and other for-profit institutions are market-oriented. While supporters argue that the profit motive encourages efficiency, this arrangement has also drawn controversy and criticism.[1]

Kevin Carey of the New American Foundation said in a 2010 column in The Chronicle of Higher Education that "For-profits exist in large part to fix educational market failures left by traditional institutions, and they profit by serving students that public and private nonprofit institutions too often ignore." He also noted that "There's no doubt that the worst for-profits are ruthlessly exploiting the commodified college degree. But they didn't commodify it in the first place."[2]

See also[edit]

References[edit]

  1. ^ Kozol, Jonathan. The Shame of the Nation. Three Rivers Press, 2005. See chapter 4 "Preparing Minds for Markets" and others
  2. ^ Kevin Carey (July 25, 2010). "Why Do You Think They're Called For-Profit Colleges?". The Chronicle of Higher Education. 

Bibliography[edit]

  • Brown, H.; Henig, J.; Holyoke, T.; Lacireno-Paquet, N. (2004). "Scale of Operations and Locus of Control in Market- Versus Mission-Oriented Charter Schools" Social Science Quarterly; 85 (5) Special Issue Dec, 2004. pp. 1035–1077
  • Halperin, D. (2014). Stealing America's Future: How For-Profit Colleges Scam Taxpayers and Ruin Students' Lives
  • Hentschke, G. et al. (2010). For-Profit Colleges and Universities: Their Markets, Regulation, Performance, and Place in Higher Education
  • Mettler, S. (2014). "Degrees of Inequality"
  • Blumenstyk, G. (2014). American Higher Education in Crisis?: What Everyone Needs to Know
  • Breneman, D. et al. (2006). Earnings from Learning: The Rise of For-profit Universities
  • Halperin, D. (2014). Stealing America's Future: How For-Profit Colleges Scam Taxpayers and Ruin Students' Lives
  • Hentschke, G. et al. (2010). For-Profit Colleges and Universities: Their Markets, Regulation, Performance, and Place in Higher Education
  • Kinser, K. (2006). From Main Street to Wall Street: The Transformation of For-Profit Higher Education
  • McGuire, M. (2012). Subprime Education: For-profit Colleges and the Problem with Title IV Student Aid Duke Law Journal, 62 (1): 119-160
  • Morey, A. (2004). Globalization and the Emergence of For-profit Education
  • Murphy, J. (2013). Mission Forsaken—The University of Phoenix Affair With Wall Street
  • Ruch, R. (2003). Higher Ed Inc.: The Rise of the For-Profit University