====================================================================== Rule #1: YOU MUST clip all extraneous text when replying to a message. ======================================================================
Bloomberg Businessweek has done a good job of tracking the scandal of privatized colleges. I will post another piece in which the magazine describes these "colleges" peddling education in homeless shelters, knowing that the Feds will cover the inevitable defaults. Hechinger, John. 2010. "What's This Degree Worth?" Bloomberg Businessweek (9 August): pp. 66-69. http://www.businessweek.com/magazine/content/10_33/b4191066612953.htm?chan=magazine+channel_features "Carrianne Howard dreamed of designing video games, so she enrolled in a program at the Art Institute of Fort Lauderdale, a for-profit college part-owned by Goldman Sachs. Her bachelor's degree in game art and design cost $70,000 in tuition and fees. After she graduated in December 2007, she found a job that paid $12 an hour recruiting employees for video game companies. She lost that job a year later when her department was shuttered. These days, Howard, 26, makes her living in a way that doesn't require a college diploma: by stripping at the Lido Cabaret, a topless club in Cocoa Beach, Fla. "I didn't know what else to do," she says. "I've got a worthless degree. It's like I didn't attend school at all"." More at: http://michaelperelman.wordpress.com/2010/10/18/privatized-education-fraud-stripping-to-pay-tuition/ -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
