Thursday, August 25, 2011

Enrollment Down at For-Profits

Sharp contrast to the blogpost below where Straighterline.com is doubling enrollment.

At for profits, the Wall Street Journal, enrollments are down as much as 45%:

"New-student enrollments have plunged—in some cases by more than 45%—in recent months, reflecting two factors: Companies have pulled back on aggressive recruiting practices amid criticism over their high student-loan default rates. And many would-be students are questioning the potential pay-off for degrees that can cost considerably more than what's available at local community colleges."

Economics do work - for-profits were way too expensive for what students received so it was a only a matter of time before revenues plunged.