Domestic, Ethics, For-Profit, Friend, Fraud, or Fishy, Required, Retention Rates, Students, University & College - Written by on Monday, July 25, 2011 7:05 - 0 Comments

20 For-Profit Schools Pledge to Public Accountability

photo: flickr user Chrysaora

by Elbert Chu 

 

A small group of for-profit schools are promising to clean-up their act by providing transparency for students by December 15. The schools signed a Pledge of Public Accountability in response to increasing regulatory scrutiny and souring public perception. Interestingly, the group does not include the big players in the for-profit space like University of Phoenix, Kaplan University, ITT, or DeVry.

The Pledge was constructed at a meeting of accredited for-profit schools, as reported by the Chronicle of Higher Ed:

The meeting and the resulting agreement reflect a recognition that the public and some policy makers have a poor perception of for-profit colleges, Mr. Cortes said. They are also an attempt to show that proprietary institutions are capable of regulating themselves without further intervention from federal and state governments. The U.S. Department of Education has in the past year released a flurry of new regulations meant to curb alleged abuses by for-profit colleges. Democratic members of Congress have also focused heavily on charges of fraud and abuse by the proprietary sector.

Several state governments, too, have begun to pass more-stringent laws to regulate for-profit colleges.

“We have enough overseers,” Mr. Cortes said. “What we need to do is have a thoughtful approach to raise the academic approach of our sector.”

So there were 42 schools present at these discussions. Why did only 20 schools sign? Still, memo to students: It’s worth noting the schools signing the “Accord”:

American Public University System
AOMA Graduate School of Integrative Medicine
Bay State College
Berkeley College
Five Towns College
Florida National College
Huertas Junior College
ICPR Junior College
Jones International University
Lincoln College of New England
Midstate College
MTI College
New England College of Business and Finance
Northcentral University
Rasmussen College
Strayer University
Technical Career Institutes, Inc.
United States University
University of Advancing Technology
Waldorf College

Chronicle of Ed’s Eric Kelderman reports.

 



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