Private Colleges: Not Much Bang for Your Buck

Tuesday, July 31, 2012

Yesterday, the appropriately-acronymed H.E.L.P. Committee (the Senate's Health, Education, Labor and Pensions Committee) put out a report critiquing for-profit higher education. The report found a lot of problems with the institutions.

One: A majority of students don’t graduate.

Two: Those who do graduate end up spending quite a bit to do so.

And three: Financial assistance comes from tax payer money, and as the cost of tuition rises, the number of students that can receive government help decreases.

Senator Tom Harkin (D-Iowa) is the Chairman of the Health, Education, Labor and Pensions Committee. 

You can read the full report here and the executive summary here.

Guests:

Senator Tom Harkin

Produced by:

John Light and Todd Zwillich

Comments [4]

igrice

Its such as you read my thoughts! You seem to know a lot
about this, such as you wrote the book in it or something.
I feel that you just can do with a few percent to drive
the message house a bit, however instead of that, that is excellent blog.

A fantastic read. I will certainly be back.

Mar. 07 2013 05:37 AM
Larry Fisher from Brooklyn, N.Y.

No matter who you are, no matter how much money you are paying for a college education, everybody is happy when a holiday lands on a school day and they don't have to go.

Jul. 31 2012 11:24 AM
dlmc

This problem is not unique to private colleges. Public colleges are pulling the same shenanigans. Many community colleges are simply places the judge can sentence you in lieu of jail. "Students" are at these two year colleges/rehabs for 4+ years with no hopes of graduating.

Jul. 31 2012 11:04 AM
Charles

It is misleading to tell The Takeaway audience that this "report" was a "Senate" report without additional critical detail.

In fact, this report was the product of one side only -- Tom Harkin's Democratic staff -- and was released with zero input or support from Republicans. This was, in its purest form, a partisan attack on for-profit colleges.

You should have reported that basic and essential fact. Shame on you for blowing off that part of the story.

As to the substance; when I hear Tom Harkin saying that taxpayer funding is being wasted on schools that perform badly, I am tempted to think that he is talking about public schools, grades K-12, in Detroit, New York City, Chicago, and 1000 other wholly-owned fiefdoms of the Democrat party. But of course that is not what Senator Harkin is talking about; because to do so might lead to criticism of the teachers' unions' deathgrip on school policy and funding. The teachers' unions; who lavish Senator Harkin and his Democrat colleagues with their financial support.

Here's an idea, Senator Harkin: If so much money is being wasted on Pell grants and other federal funding for students who are failing in higher education, why don't we pare back those funding programs, and be a lot more selective about spending taxpayer money on scholarship funding? Instead of spending MORE federal money on regulating higher eduction?

Jul. 31 2012 10:46 AM

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