For-Profit education has been present for many years however has recently become a popular commodity. The for-profit educational world has been gaining popularity for a number of reasons. These include such aspects as access, student population, financial cost, etc. This paper will explore For-Profit education, a brief history, the students these institutions aim to serve, the intended focus of For-Profits and quality, the impact on higher education, and the roles of student affairs professionals within For-Profits. For-Profit Education and Historical Development
Before examining the development of For-Profits, it is important to define this type of education. Morey (2004) defines For-Profit education as “major providers of entry-level skill training beyond the secondary school level. They offer occupationally oriented certificates and sometimes even associate and bachelor's degrees”(p.133). For-Profit institutions provide education to make money, while traditional colleges accept money to provide an education (Morey, 2004). Although gaining more recent attention, For-Profit education has been present since the 1800s. These schools first provided training in industrial skills such as accounting (Floyd, 2005). In the early to mid-1900s, these schools became marginalized as inexpensive public higher education grew in popularity. However, by the later 1900s, For-Profits found there way back to popularity due to such things as the baby boomer generation, and the 1972 reauthorization of the higher education act which allowed For-Profit institutions to be eligible for financial aid and federal grants (Floyd, 2005). The globalization of education combined with the needs for non-traditional students, and rising tuition of traditional colleges has given way for the For-Profits booming industry. This has greatly affected higher education, especially in regards to the competition that For-Profits have created for traditional colleges and...
...Taxpayers’ Costs to Support Higher Education: A Comparison of Public, Private Not-for-Profit, And Private For-Profit Institutions
Robert J. Shapiro and Nam D. Pham
Taxpayers’ Costs to Support Higher Education: A Comparison of Public, Private Not-for-Profit, and Private For-Profit Institutions1
Robert J. Shapiro and Nam D. Pham
Introduction and Summary of Findings
The role of private for-profit institutions of higher education has expanded greatly in recent years. Demand for post-secondary education is up, especially for the career-focused curricula of most private for-profit colleges, universities and institutes. Further, the spread of Internet technologies creates new and highly-efficient channels for online learning, which private for-profit institutions have adopted more quickly than public and private not-for-profit colleges and universities. In addition, recent federal regulation of higher education tied to access to G.I. Bill and other federal student assistance has induced many private for-profit institutions to raise their standards and accreditation levels. The rapid expansion of these schools, however, also has raised questions about fast-rising expenditures for federal grants and loans to students attending for-profit...
Student number: 20134571
Science 1 in the Early Years
Assessment: Item 1- Views of teaching and promoting science of young learners
The pedagogy of play can be hard to understand and part of the reason for this is it’s so difficult to explain how children learn by play because play isn’t simply; it is complex. Each child begins their early childhood education with a set of skills and prior knowledge that is influenced by their family, culture and past experiences (Fellows &Oakley, 2010). The past knowledge should become the foundation for developing an understanding of scientific concepts (Duschl, Schweingruber & Shouse, 2007). Children are naturally inquisitive, creative and aware of the world around them (Campbell & Jobling, 2012). Play is an important development tool and an effective way to teach children scientific concepts while using their prior knowledge (Preston, Mules, Baker & Frost, 2007). Learning science through play shows children that science is useful and enjoyable and is a significant aspect of the real world (Bulunuz, 2013). This essay will review teaching science through play, theorists who support play and the way in which the Australian curriculum and EYLF support play pedagogy.
Science and Play
Play pedagogy is a context for learning through which children organise and make sense of their social worlds, as they engage actively with people, objects and representations. Research shows...
...Eleanor Wiske Dillon University of Michigan
Three Essays on Career and Education Choices
Chapter 1: “Risk and Return Tradeoffs in Lifetime Earnings” (JMP) There is a tradeoff between risk and expected earnings across occupations. Virtually all occupations require workers to invest in specific skills that tie them to that occupation, but workers face uncertainty about how much they can earn over a lifetime of that type of work. Rational, risk-averse workers will require higher average compensation to enter riskier occupations. This paper estimates the parameters of a model of occupation, labor supply, and consumption choices over the lifecycle of college-educated, prime-age men, using data from the Current Population Survey and the Panel Study of Income Dynamics. The model includes multiple sources of occupation-specific earnings and employment uncertainty. The estimated model is used to simulate possible lifetime earnings streams for identical workers starting the same occupation and to calculate the expected lifetime earnings from starting in each occupation and the variance around that expectation. The relationship between the expected value and variance of lifetime earnings shows that compensation for earnings risk is a key explanation of variation in expected lifetime earnings across careers. The measured slope of the risk-return tradeoff is consistent with compensation for earnings risk under reasonable assumptions about the...
WRIT 1301-141, Weaver Research Paper
Date Due: 5th April [email protected]
Higher education is critical in a developed economy. In most developed countries, education is considered a basic right. Hence the costs of higher education is highly subsidized by governments. This results in a significantly reduced number of students that need to work to pay for their education. The United states is one of the few counties, developed or otherwise, where the almost all the burden of paying for higher education is put on the student. This has certain interesting consequences. One of them is the relatively large proportion of college students working. The increase in tuition in the past decade have cause this to increase even further. In “For Many College Students, A Job (or Two) to Pay Tuition”, an article in the New York Times, DAVID KOEPPEL found that every year, more students were looking for an campus jobs. New York University employed 2000 more students in 2003 compared with previous years. The percentage of college students working has been growing since the 1906s (Stern and Nakata, 1). How this affects students and whether or not students should work therefore have become increasingly important questions.
￼Should undergraduate students enrolled in college full time work?
Whether or not undergraduate students enrolled in college full time, should work, depends on a variety of...
a. The total explicit cost is $793,000($970,000-$177,000). The total implicit cost is $190,000($175,000+.15X$100,000). The total economic costs is $983,000($793,000+$190,000).
b. The accounting profit in 2010 is $177,000($970,000-$793,000)
c. The economic profit in 2010 is $-13,000($970,000-$793,000-$190,000).
d. The owner should not leave his job because the economic profit is negative, which means he will earn less if he does his own business.
a. The type of agency problem that is involved here is principal-agent problem. Marriott wants to maintain a certain level of quality at all of its hotels, but in order to do that it would require capital investment by franchisees. By investing in the hotels, the franchisees are losing profits.
b. I believe that Marriott needs to worry about the quality of all the hotels whether they are owned or franchised. In order to keep customers satisfied and coming back to stay at a Marriott they need to keep a good reputation.
c. Marriott would tend to own its hotels in resort areas because the people will be more focused on the quality and upkeep of the hotel itself. By Marriott providing good quality in resort areas it will help them gain more business in downtown areas due to the customers’ previous experience. In downtown areas it is also more difficult to find a high quality hotel. If people do not have a good experience at a Marriott then the next time they need to...
...Profit Maximization Theory / Model: The Rationale / Benefits:
Profit maximization theory of directing business decisions is encouraged because of following advantages associated with it.
Economic Survival: Profit maximization theory is based on profits and profits are a must for survival of any business.
Measurement Standard: Profits are the true measurement of viability of a business model. Withoutprofits, the business losses its primary objective and therefore has a direct risk on its survival.
Social and Economic Welfare: The profit maximization objective indirectly caters to social welfare. In a business, profits prove efficient utilization and allocation of resources. Resource allocation and payments for land, labor, capital and organization takes care of social and economic welfare.
Limitations of Profit Maximization as an objective of Financial Management:
Profit maximization is criticized for some of its limitations which are discussed below:
Haziness of the concept “Profit”: The term “Profit” is a vague term. It is because different mindset will have different perception about profit. For e.g. profits can be the net profit, gross profit, before tax profit, or the rate of profit etc. There...
...call for-profit schools. Now the question is are these schools actually good for you? Can they help you in the long run or just give you classes and you’re on your own after you get the degree. I feel that for-profit schools should not be federally regulated because these colleges provide opportunities for students ignored and rejected by traditional colleges, they provide flexibility for students and some regulations may reduce graduation rates.
Some people didn’t do the best in high school or probably didn’t finish high school and have a GED but still want to attend college. Most tradition and private colleges probably won’t even look at their application if their grade point average is below a certain number or if they don’t have a high school diploma. This is why we need for-profit colleges because they tend to those people who still want to further their education. It may seem like for-profit colleges only focus on getting money from students but they still offer the same education that private and traditional colleges offer just in a different way or amount of time. If there is government regulation then most people probably wouldn’t be able to attend any schools. With government regulations, there’s most likely going to be government requirements along with the school requirements.“The for-profit sector is not only more robust than the rest of higher...
...“Not for Profit: Why Democracy Needs the Humanities”
Martha C. Nussbaum is the author of the book, “Not For Profit: Why Democracy Needs the Humanities.” The book begins by drawing the reader’s attention by explaining the “Silent Crisis.” She describes education in the eyes of the government, and in the eyes of the people. There is a connection made between education and the liberal arts.
The title of the book, “Not ForProfit,” are three simple words that when put together, have a deep meaning. In this case, Nussbaum is using the phrase to relate to education. The government sees education as a way to further our economic situation. Statistics say that a student that attends college will earn a great deal more than a student that has not attended college. When people earn more money, they usually spend more money. This stimulates our economy, and is the goal of the government.
Government aims to use education as a tool to better our economy, yet they continually decrease the amount of money they give to public schools each year. They take out the true classes that give a person their true identity. It seems as if people are slowly becoming uniform, in being that liberal arts are being taken away, and students are left to studying simply the core classes of what they call “education”.
Martha is trying to explain that our...