Education for Profit

[Walter]

What is this education for profit that seems to be catching on in the U.S.. Can it even remotely be any good?

Can't be any worse than publicly funded education happening in many parts of NA.

 

[Bar Sinister]

We youth in the 90's were told that we should become plumbers and electricians but the ones who have since gotten those qualifications have found out now that there aren't as many jobs as they were claiming would exist.

It will be worse in a decade or two; true the boomers will be retiring and some jobs (but a good number would be closed) would be freed but if Japan is any indication; having a lot of old people who own most of the wealth in society and are not investing it into the economy is a recipe for negative economic growth

You have it partly right, T. However, when describing the United States, instead of using the phrase "a lot of old people;" try substituting "the wealthiest 10% of society" and you will have a better explanation of why the US is in decline.

 

[ironsides]

Can't be any worse than publicly funded education happening in many parts of NA.

It does add more schools, since public schools are over crowded, and looks like were not going to be building new ones anytime soon.

We youth in the 90's were told that we should become plumbers and electricians but the ones who have since gotten those qualifications have found out now that there aren't as many jobs as they were claiming would exist.

It will be worse in a decade or two; true the boomers will be retiring and some jobs (but a good number would be closed) would be freed but if Japan is any indication; having a lot of old people who own most of the wealth in society and are not investing it into the economy is a recipe for negative economic growth

The old people as you call them may have a lot of money in wise investments they made over the years, but they are scared to invest in this volatile economy as it now is. What is there to invest in that will maintain their security thru retirement. Big business not any government must be able to insure confidence in themselves again. No government is going to be able to permanently pull us out of this predicament. This is not a Canadian or American thing it is a world economic problem.

 

[Tonington]

I believe someone already mentioned something similar, but I think this type of model would work well for disciplines that currently aren't being offered. As an example, in Canada you can't get a degree specializing in real estate, or so some company has said. They contacted the University of Prince Edward Island, they wanted to partner with them to create a faculty devoted to real estate. The university declined. Then the company went to the legislature, and applied for a degree granting license. UPEI then made a big stink about the province not consulting them first.

In that case, I think the for-profit model would work well. But for things like BSc. in Biology and mainstream degrees like that, I think for-profit wouldn't work as well. It would be difficult to attract good talent, and keep costs low, especialy when public universities and colleges are partially subsidized already.