{"id":21097,"date":"2020-10-13T14:08:26","date_gmt":"2020-10-13T21:08:26","guid":{"rendered":"https:\/\/careerkarma.com\/blog\/?p=21097"},"modified":"2022-09-01T14:43:44","modified_gmt":"2022-09-01T21:43:44","slug":"for-profit-colleges","status":"publish","type":"post","link":"https:\/\/careerkarma.com\/blog\/for-profit-colleges\/","title":{"rendered":"For-Profit Colleges vs Non-Profit Colleges: Pros and Cons"},"content":{"rendered":"\n<p>You\u2019ve likely seen television commercials about going to college or received an email from a&nbsp;<a href=\"https:\/\/careerkarma.com\/blog\/university-bootcamps\/\">university<\/a>&nbsp;about options for pursuing a&nbsp;<a href=\"https:\/\/careerkarma.com\/blog\/easiest-degree-online\/\">degree<\/a>. While not always the case, these tactics are typically associated with for-profit colleges.<\/p>\n\n\n\n<p>Since 2010, nearly&nbsp;<a href=\"https:\/\/theintercept.com\/2019\/04\/12\/betsy-devos-for-profit-colleges\/\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">40 percent<\/a>&nbsp;of all for-profit colleges in the United States have closed, which includes some of the largest networks, such as ITT Tech. Some reasons for these closures included allegations of gouging students, worthless degrees, and deceptive enrollment strategies.<\/p>\n\n\n\n<p>However, are all for-profit colleges intrinsically bad? Are they worse than universities? Is there a reason for someone to choose a for-profit college over a non-profit? This guide answers all of these questions and more.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69d9087d56fc0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d9087d56fc0\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/careerkarma.com\/blog\/for-profit-colleges\/#what-is-a-for-profit-college\" >What is a For-Profit College?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/careerkarma.com\/blog\/for-profit-colleges\/#for-profit-colleges-private-universities-and-public-universities-the-differences\" >For-Profit Colleges, Private Universities, and Public Universities: The Differences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/careerkarma.com\/blog\/for-profit-colleges\/#for-profit-college-pros-and-cons\" >For-Profit College: Pros and Cons<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/careerkarma.com\/blog\/for-profit-colleges\/#are-for-profit-schools-accredited\" >Are For-Profit Schools Accredited?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/careerkarma.com\/blog\/for-profit-colleges\/#reasons-to-attend-a-for-profit-college\" >Reasons to Attend a For-Profit College<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/careerkarma.com\/blog\/for-profit-colleges\/#conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-is-a-for-profit-college\"><\/span>What is a For-Profit College?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For-profit colleges, similar to nonprofit, are institutions of higher learning. However, for-profit colleges are owned and run by private businesses seeking to earn a monetary gain. Their goal is simple: provide a good education for students to generate a return for the school\u2019s shareholders.<\/p>\n\n\n\n<p>There are two types of for-profit colleges. The first type is similar to a non-profit college or university. These for-profit colleges provide a degree in various fields, such as criminal justice, education, or business.&nbsp;<\/p>\n\n\n\n<p>These schools offer degree programs at all levels, from associate to master\u2019s degrees. Typically, they provide an education to students online, but some offer both on-campus and online learning opportunities.&nbsp;<\/p>\n\n\n\n<p>The other form of for-profit colleges provides technical training and education. Instead of degrees, students at these schools learn the skills needed to work in fields such as nursing, air conditioning repair, or dental assistance. Because of the hands-on learning, people consider these institutions to be trade or vocational schools. Unlike the other type of for-profit colleges, these usually have a physical location, due to the requirements of their programs.&nbsp;<\/p>\n\n\n\n<p>For-profit schools have garnered a negative reputation for various reasons, such as debt creation and empty promises. Unfortunately, this reputation overshadows some benefits.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"for-profit-colleges-private-universities-and-public-universities-the-differences\"><\/span>For-Profit Colleges, Private Universities, and Public Universities: The Differences<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key difference between for-profit colleges, private, and public universities is the way they use the money. When a college or university earns money through student tuition, they typically reinvest it back into the school to provide better services.<\/p>\n\n\n\n<p>In contrast, a for-profit college\u2019s goal is to pay back investors. Therefore, funds that would return to the school are going to investors, so they can profit off the success of the institution. Above all else, the main goal of a for-profit college is to generate revenue. In addition to paying investors, the school may also give bonuses to executives, perform marketing campaigns, and develop and implement recruitment strategies.&nbsp;<\/p>\n\n\n\n<p>By comparison, non-profit public colleges and universities don\u2019t have investors to answer to. Financial gain is not their main motivation. Public universities must take the money they earn from students and put it toward bettering the institution. This can result in a better overall education for students.<\/p>\n\n\n\n<p>Private colleges are similar to public colleges in this regard. Technically, for-profit colleges are private institutions as well, but there is a significant difference between the two of them. A private college refers to a school that is non-profit and exempt from taxes.&nbsp;<\/p>\n\n\n\n<p>Private schools receive less federal and state funding. This is why private college is typically more expensive than public school. The funds a private college or university receives are still reinvested into the school, similar to a public school.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"for-profit-college-pros-and-cons\"><\/span>For-Profit College: Pros and Cons<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While the reputation of for-profit colleges has soured in recent years, they do have their benefits. Specifically, they are designed for working adults pursuing a career while still meeting their other responsibilities. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">For-Profit College Advantages<\/h3>\n\n\n\n<p>Some pros of a for-profit college include: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Fewer admissions requirements<\/li><li>Flexible Schedules <\/li><li>Practical programs <\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Admissions<\/strong><\/h4>\n\n\n\n<p>There are many admission requirements to get into a standard college or university. The best schools require you to submit your transcript, SAT scores, and meet a certain GPA threshold. That is just for your undergraduate degree. Graduate degrees require letters of recommendation, resumes, and an essay.<\/p>\n\n\n\n<p>However, for-profit colleges do away with those requirements. They cater to people who may not necessarily perform well in school, giving them a second chance at meeting their academic goals.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Flexible Schedules<\/strong><\/h4>\n\n\n\n<p>Meeting the schedules of a non-profit school can be demanding, especially when it requires you to be on campus. Courses are only available at select times. If you have a job or other engagement that you must meet, you may not be able to take the course until a later date.<\/p>\n\n\n\n<p>For-profit schools have online options for many of their degree programs, allowing students to study at their own pace. These institutions even offer accelerated programs, which allow you to graduate and earn your degree at a faster rate.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Practical Programs<\/strong><\/h4>\n\n\n\n<p>Students often overlook vocational and trade schools, but these institutions provide people with skills for very lucrative positions. Many for-profit trade schools provide training for positions in&nbsp;<a href=\"https:\/\/careerkarma.com\/blog\/is-computer-science-hard\/\">computer science<\/a>, cosmetology, nursing, repair, or culinary arts. While degrees may not have a strong reputation when associated with for-profit schools, there are for-profit colleges that do have well-received certification programs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">For-Profit College Disadvantages<\/h3>\n\n\n\n<p>Unfortunately, for-profit colleges have several disadvantages associated with them as well. While they are a great fit for working adults who wish to advance their education, for-profit colleges come with a tarnished reputation, high costs, and various other obstacles.&nbsp;<\/p>\n\n\n\n<p>Some disadvantages of for-profit colleges include: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Low completion rate<\/li><li>High price <\/li><li>Negative reputation <\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Completion Rate<\/strong><\/h4>\n\n\n\n<p>For-profit colleges have a low completion rate.&nbsp;<a href=\"https:\/\/www.usnews.com\/education\/best-colleges\/paying-for-college\/articles\/the-real-cost-of-for-profit-colleges\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">US News reports<\/a>&nbsp;that only 30 percent of students who enroll in a for-profit college complete their degree program in less than five years. In comparison, 68 percent of students in private non-profit institutions and 59 percent of public college students graduate within the same time.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>High Price<\/strong><\/h4>\n\n\n\n<p>It is typical to pay a significant amount of money for a college education, but costs associated with for-profit colleges are much higher than other universities. It isn\u2019t just the high cost associated with for-profit schools that make them difficult to afford.&nbsp;<\/p>\n\n\n\n<p>If an agency recognized by the Department of Education does not accredit the school, you\u2019re not allowed to receive grants or student loans. This may mean taking out a loan from another location, such as a bank, which could cause a significant amount of debt. Students who do attend for-profit colleges end up with much more debt than those who attend non-profit schools.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Negative Reputation<\/strong><\/h4>\n\n\n\n<p>Quality of education is important, but the reputation of the school you graduate from also plays a significant part in your ability to find a job. For-profit schools have a negative reputation among employers, students, and various people in administrative and leadership positions.<\/p>\n\n\n\n<p>While all for-profit colleges aren\u2019t bad, the stigma associated with them does make it more difficult for some people to find work in their chosen field. If this type of college is right for you, make sure your chosen college has a good reputation. Reach out to other professionals in the field and find out what they think of the school and its program.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"are-for-profit-schools-accredited\"><\/span>Are For-Profit Schools Accredited?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>No matter which institution of higher learning you choose to attend, it\u2019s important to find out if it is accredited. Accreditation means a college or university has met the educational standards set by a reviewing agency.&nbsp;<\/p>\n\n\n\n<p>There are two forms of accreditation in the United States, national accreditation and regional accreditation. Regional accreditation is typically given to non-profit schools that are academically oriented, while national accreditation is primarily given to for-profit schools that have technical, vocational, or career programs.&nbsp;<\/p>\n\n\n\n<p>Most regionally accredited schools do not accept transfer credits from nationally accredited schools, save for rare exceptions, such as nursing. The reason behind this is national accreditation has a reputation of being far less academically stringent than regional.<\/p>\n\n\n\n<p>This means that if you were to study at a nationally accredited, for-profit school, you couldn\u2019t transfer to a non-profit college or university. Your credits would not be considered. This limits the academic potential and ability for students to study at a different university should they so choose.<\/p>\n\n\n\n<p>While a large majority of for-profit colleges are only nationally accredited, there are several of them that are accredited regionally. Some of these include the University of Phoenix, Kaplan University, National American University, Walden University, Strayer University, and Capella University.<\/p>\n\n\n\n<p>Even though these for-profit universities are regionally accredited, credits from them may not be accepted by a non-profit school. It is best to check with your chosen university or college to see which credits they accept from a for-profit college you\u2019ve chosen to or wish to attend.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"reasons-to-attend-a-for-profit-college\"><\/span>Reasons to Attend a For-Profit College<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With many negative aspects associated with for-profit colleges, you may wonder if there is any reason to attend them at all. While for-profit colleges have a stigma associated with them overall, several still provide quality education and training for people who want a better career.&nbsp;<\/p>\n\n\n\n<p>Here is a list of reasons to attend a for-profit college:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Low grades&nbsp;<\/li><li>Certification in a Trade<\/li><li>Online Programs<\/li><li>You\u2019ve Found a School that Works for You<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Low Grades<\/strong><\/h3>\n\n\n\n<p>Not everyone excelled in high school, but that shouldn\u2019t prevent you from finding success in adulthood. For-profit schools give you a second chance to study and learn without the fear of your old transcripts keeping you from your goals. If you don\u2019t meet the test score or GPA threshold required for colleges and universities, consider a for-profit school instead.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Certification in a Trade<\/strong><\/h3>\n\n\n\n<p>For-profit schools do have a positive reputation when it comes to trades and certifications. These are less academically-based skills and more hands-on. If you\u2019re considering working as a plumber, nurse, or in air conditioning repair, you have a higher chance of finding success at a for-profit school.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Online Programs<\/strong><\/h3>\n\n\n\n<p>Today, many colleges and universities offer online programs. However, not all of them are fully online or you may not be able to find a particular program that interests you. For-profit colleges offer online programs for a majority of their degrees. If you can\u2019t find what you want to study at a non-profit school, consider for-profit college as an alternative.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>You\u2019ve Found a School that Works for You<\/strong><\/h3>\n\n\n\n<p>No matter what university or college you wish to attend, it is always wise to do your research. Ask questions from professionals in your field. Reach out to people who\u2019ve graduated from the program you wish to attend. Ask about courses, accreditation, and have them address whatever concerns you may have about the school.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"765\" src=\"https:\/\/careerkarma.com\/blog\/wp-content\/uploads\/2020\/08\/university-105709_640.jpg\" alt=\"a large university lecture hall filled with students \" class=\"wp-image-21099\" srcset=\"https:\/\/careerkarma.com\/blog\/wp-content\/uploads\/2020\/08\/university-105709_640.jpg 1020w, https:\/\/careerkarma.com\/blog\/wp-content\/uploads\/2020\/08\/university-105709_640-768x576.jpg 768w, https:\/\/careerkarma.com\/blog\/wp-content\/uploads\/2020\/08\/university-105709_640-770x578.jpg 770w, https:\/\/careerkarma.com\/blog\/wp-content\/uploads\/2020\/08\/university-105709_640-20x15.jpg 20w, https:\/\/careerkarma.com\/blog\/wp-content\/uploads\/2020\/08\/university-105709_640-385x289.jpg 385w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><figcaption> What\u2019s important isn\u2019t the type of college you go to, but that you receive the best education. <\/figcaption><\/figure>\n\n\n\n<p>For-profit colleges aren\u2019t the best option for an academic program. The emphasis on earnings can sometimes lead to lower quality education, making them difficult to recommend. There are several alternatives, such as community colleges and bootcamps that are far less expensive and much more well-received.&nbsp;<\/p>\n\n\n\n<p>However, there are situations when for-profit colleges may be the best or even the only means of pursuing higher education. If that is the case for you, do extensive research on the college, it\u2019s reputation, accreditation, and the specific program you want to complete.<\/p>\n\n\n\n<p>Several for-profit colleges still serve students well and give them opportunities to find success in their chosen career fields. With a little time, research, and the right questions, you can be one of them.<\/p>\n","protected":false},"excerpt":{"rendered":"You\u2019ve likely seen television commercials about going to college or received an email from a&nbsp;university&nbsp;about options for pursuing a&nbsp;degree. While not always the case, these tactics are typically associated with for-profit colleges. Since 2010, nearly&nbsp;40 percent&nbsp;of all for-profit colleges in the United States have closed, which includes some of the largest networks, such as ITT&hellip;","protected":false},"author":62,"featured_media":21098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[50437],"tags":[],"class_list":{"0":"post-21097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-best-schools"},"acf":{"post_sub_title":"","sprint_id":"","query_class":"{term} vs {term}","school_sft":"","parent_sft":"","school_privacy_policy":"","has_review":null,"is_sponser_post":"","is_guest_post":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>For-Profit Colleges vs Non-Profit Colleges: Pros and Cons | CK<\/title>\n<meta name=\"description\" content=\"For-profit colleges have a bad reputation, but are they a good alternative to nonprofit colleges and universities? 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