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September 15, 2010

Trade Schools Get Failing Grade

Filed under: General HR Buzz5:55 pm

For-profit trade schools are popping up everywhere.  Recruiting ads are prominently displayed alongside your morning news on the internet, as well as on television, billboards and radio.  However, a recent government investigation questions whether these schools operate for the benefit of students or shareholders. 

Enrollment at for-profit schools – a category that includes most trade schools – has jumped dramatically during the recession, to nearly 1.8 million students from about 365,000 “in the last several years,” according to the Government Accountability Office.

Based on a recent study, the default rate at for-profit schools is the highest, compared to other types of schools.  It climbed to 11.6% in 2009, from 11% the year before, according to a study released Monday by the U.S. Department of Education.  The rate is higher than the 6% for public schools and the 4% rate for private institutions.

Additionally, the success rate of job placement at for-profit schools has become a controversial topic. The Government Accountability Office, which is the investigative arm of Congress, unveiled a report in August based on undercover tests of 15 for-profit colleges, including Kaplan College, Everest College and the University of Phoenix.

Read the full article here

Source: CNN.com

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