Private Education and "the rest of the story"
My apologies to the late Paul Harvey...
What they didn't mention is that it wasn't the "end of the recession" that caused the problems. My father was adjunct faculty at two colleges like the one in the article and what happened was that the government changed the rules on what types of educational institutions could qualify for federal student aid. Basically, the federal government subsidized an industry and when they changed the rules, they pulled the rug out from under all these "on-line" universities.
What they didn't mention is that it wasn't the "end of the recession" that caused the problems. My father was adjunct faculty at two colleges like the one in the article and what happened was that the government changed the rules on what types of educational institutions could qualify for federal student aid. Basically, the federal government subsidized an industry and when they changed the rules, they pulled the rug out from under all these "on-line" universities.
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- 2Posted by j_IR1776wg 9 years, 8 months agoGovernment interference in any industry distorts markets and destroys companies. Never been any different..| Mark as read | Best of... | Permalink
- 1Posted by Technocracy 9 years, 8 months agoThe irony of the fed or any agency thereof trying to slap this company for "inflated stats" boggles the mind| Mark as read | Best of... | Permalink
