Changing Faces of Public Accountability………………...............................................................4 Evolution of Accountability for Corinthian Colleges......................................................................6 Managing Gainful Employment and Placement at Everest….........................................................8 Mission and Future Implications...................................................................................................10
Proprietary education first appeared in the 1600’s about the same time that institutions like Harvard were being created. For much of US History these schools provided popular mass education in contrast to traditional colleges that were often reserved for the elites (Thelin, 2011). Generally, the purpose of these schools, besides profitability was to provide practical and narrowly focused training, thus filling a need not addressed by traditional education (Beaver, 2009). In addition, for-profits also became known for providing training for minorities, women, and in general, students from the lower social strata, a trend that would continue well into the 20th century (Apling, 1993). From an historical perspective, for-profits have experienced periods of relative prosperity and decline. In terms of prosperity, the peak occurred following the civil war as proprietary institutions sought to provide training for an expanding industrial sector. By 1893, there were approximately 115,748 students enrolled at for-profit schools (Beaver, 2009). On the other hand during the Progressive Era, for-profit schools were deemed unnecessary and invaluable especially if traditional schools were developed and managed efficiently. By 1972, amendments to the Higher Education Act permitted students attending for-profit schools to receive federal student-aid such as grants and loans (Thelin, 2011). Congress believed that students attending these institutions should receive an equal opportunity regardless of their disadvantaged backgrounds. As a result, it is estimated that during that year, for-profits accounted for one-half the increase in higher education’s total enrollment (Beaver, 2009). It is interesting to note that tuition levels at many for-profits are set in accordance with the typical amount of government sponsored aid available to the student, thus questions have been raised regarding the accountability of many proprietary institutions with regard to quality student learning. This paper will focus on how governmental accountability standards have transformed policies and procedures at Everest Institute a subsidiary of Corinthian Colleges. Changing Faces of Public Accountability
Both public and private institutions are held accountable to the people that support them (Altbach, Berdahl, & Gumport, 2005). For public institutions their support is primarily from the public; however private institutions such as Everest are governed by their stockholders and a governing board of directors. The interests of these institutions are determined by both external and internal political policies that can create a complex system of compromises and the accommodation of several different conflicting objectives (2005). There was a point in time when the general public was not...
In the time I have spent in highereducation, I have noticed that educators generally encounter three categories of students. The first category, about 10 percent of the student population will always succeed because they have the attitude that failure is not an option. The second group, another 10 percent of the population, will inevitably fail, lacking the personal motivation and drive necessary to reach educational goals. Approximately 80 percent of students make up category three. A group full of bright minds that could lean toward either success or failure. This group will most significantly be impacted by changes and improvements in education. The differentiating factor in this group is that each student's response to the same question: "Is investing in my education really worth it?"
Some people are deterred from pursuing highereducation because of the price tag attached. Even though student loans are often available, the idea of repaying student loan debt, with high interest rates and low job prospects is a significant roadblock for many. For students with young families or those who have never considered post-secondary education, it is often much more appealing to take a job out of high school and immediately generate income. These are the students who begin to feel that an education is simply not...
...Case Study: Economic Crisis and HigherEducation in the United States
The 2008–2012 economic failure is considered by many economists and investors to be the worst financial crisis since the Great Depression of the 1930s. It results in the risk of total collapse from big financial firms, the bailout of banks by national governments, and downturns in stock markets around the world. The crisis also plays a significant role in the crash of key businesses and collapse of housing market, results in the delayed unemployment. Highereducation is a large and various venture in the United States, which has impacted by the economic recession in a number of ways, but these impacts have not been the same and vary depending on state and type of institution.
Most highereducation traditions started to be concerned about their financial problems due to economic recession. Their main source of revenue has been hurt by the downturn, and that those universities would need to make hard decisions about how to spend their money. In some states, a lot of institutions are in process of fund-raising programs to avoid delaying their supported campus building projects. Many of highereducation university’s leaders have been considering and solving of two following questions: How is the economic downturn affecting institutions both public and private? What strategies are...
Contrast HigherEducation System
North Dakota State
Comparing and contrasting the highereducation system(Japan Vs. USA).
Have you ever wonder who has the better education system between the United States and Japan ? Well, This essay will announce on how the US is similar to Japan highereducation system. It will also compare and contrast three different areas such as student loans, popular fields of study, ages and of students attending highereducation programs.
Japan's highereducation system is broken into two different bodies limited public that is governed by its national and local governments and a private sector that is market driven. Japan has reformed their student loan system through the Independent Administrative Institution. Because of this reform Japan has two type of student loans. The first class loans have zero rate of interest and are academically selective. The Second class loan are interest baring and are not academically selective as the first class loans. Both types of loans could be used for living and school expenses. The United States has several types of student loans that are very different than Japan's because they help cover the fees and helps need based students gain...
Highereducation in the present world has a very long history. Highereducation has deep roots in the early sixth century when first monastic schools were started in Europe which later developed to the famous European university in Bologna during the period between 1088 and 1090. This is the origin of highereducation with all present systems of highereducation borrowing much from this first intuition and system of highereducation. Until early 20th century, highereducation institutions and particularly universities and high level colleges catered only for the elites in the society. Though in this time basic education was enough to secure an individual a well-paying job, the costs of securing a place in the institutions of highereducation as well as maintaining the costs for the period of a given course locked out the middle income earners as well as the poor. Statistically, by the start of 20th century, 3 per cent of the world population had enrolled in universities and other colleges offering highereducation programs. This number was much concentrated in the European continent...
...The Crisis in HigherEducation:
The Economic Outcome of HigherEducation and Its Sources
The amount of people attending any form of highereducation is exceptionally higher than ever before, but the rate of completion has stayed stagnant for the past thirty years.1 The accessibility of highereducation has never been this easily attained but the obvious financial aftermath questions whether highereducation is worth the losing of the opportunity costs. For-profit schooling systems as well as the alternates as to how big universities leak money out from their students demonstrates the declining importance and the overall meaning to obtain a college education. What students are trying to get out of college has changed over the past decade. The price of college has gone up 152 percent since 25 years ago and, at this rate, will only increase as time passes2. The significance of what it meant to have a college education has declined over the last past decades. The underlying root to the highereducation crisis has to do with its continuous decline in value. Colleges, big universities, and for profit colleges invest in the economic side of education rather than prioritizing the students. Due to quickly rising tuition and the increase in...
...Changing World And Changing Roles Of HigherEducation
It is very necessary to change world and change the roles of highereducation. Education is must for all.
EducationEducation in the general sense is any act or experience that has a formative effect on the mind, character, or physical ability of an individual. In its technical sense,education is the process by which society deliberately transmits its accumulated knowledge, skills, and values from one generation to another.
Etymologically, the word education is derived from the Latin ēducātiō (“a breeding, a bringing up, a rearing) from ēdūcō (“I educate, I train”)
HigherEducationHighereducation, also called tertiary, third stage, or post secondary education, is the non-compulsory educational level that follows the completion of a school providing a secondary education, such as a high school, secondary school. Tertiary education is normally taken to include undergraduate and postgraduate education, as well as vocational education and training. Colleges and universities are the main institutions that provide tertiary education. Collectively, these are sometimes known as tertiary institutions. Tertiary...
...HigherEducation Act: INCREASING AFFORDABILITY?
Lawmakers have recently reauthorized the HigherEducation Act, is an attempt to increase enrollment rates by improving the affordability of a college education through raising financial aid eligibility to in need students. Over the last four years this rise in the federal budget for student financial aid has inflated the cost of a college education to an all time high. Due to these increases in student loan availability, not only has the student debt rate been at an all time high, but graduation rate has been at an all time low. This HigherEducation Act gives institutions too much flexibility to vary their course fees causing an ever rising cost for a college degree. And in the last five years that the HigherEducation Act program has been enacted there has been no actual increase in the maximum Pell Grant amount, instead it has been spreading out more of the Educational Budget to a larger amount of students. And this reauthorization of the HigherEducation Act will expand the access of college degree to students in need, it does nothing to guarantee any increase in the number of actual college graduates.
The HigherEducation Act does provide more opportunities for in need students to receive a college...
...The High Price of HigherEducation
In America's society today, students are expected to follow the path of day care, grade school, middle school, high school and hopefully college. Growing up in America today, the importance of education is stressed starting at the earliest stages of development. In a world with a competitive job market and with citizens who want to make the most money that they can, a college education is key in success. For some students, financing college is not a problem. Money should not be a factor in the student's decision-making process when choosing what school to attend, but unfortunately many people are unable to attend the university of their choice due to the high costs. Working through college is not always the best answer because this can have a negative effect on academic performance with the added stress. It is true that financial aid and loans are available, but it is sometimes much harder to take advantage of these than people realize. Although universities offer many forms of aid in paying for college, the continually increasing prices still make it impossible for many people to afford highereducation, and lowering prices would be effective in increasing the amount of people able to obtain a college degree.
In today's society, the average income for middle class families is $49,500 (Preliminary Estimates). This is only a little more than the...