Complicated

1) From “For-Profit Colleges Deserve Some Respect”, Seiden extends the claim of Carey’s for-profits’ text is the statement “For-profit education companies are now in high demand among venture capitalists and investment bankers, and the industry is one of the rare ones that is faring well in this economy”. I have learned over the past couple readings and watching videos that for-profit are in fact very high in demand because they are good for our economy. They contribute to the money making of many investors.

2) From “For-Profit Colleges”, Perteaus extends the claim of Carey’s text, “This gives the for-profit colleges an incentive to see service members as nothing but dollar signs in uniform, and to use aggressive marketing to draw them in and take out private loans, which students often need because the federal grants are insufficient to cover the full cost of tuition and related expenses.”

3) “These for-profit colleges mislead the gullible, who often cannot get in to more established schools, into thinking that a glamorous career in fashion design, cullinary arts or recording engineering is just a few classes away. There is no cost to the student, as he borrows from the government. And, before he ever gets the first statement on his loan, he will receive a substantial (several thousand dollar) refundable tax credit for his "expenditures" on higher education. The government gets burned in the current year and again when it has to write off the loan. I wish I could figure out how to buy credit default swaps against this debt, but I'd feel bad profiting on the back of my fellow tax payers.”