I understand this uncertainty creates a difficult situation for you, and wish to assist you as much as possible in continuing your educational path. I will stay in touch with any additional developments. The Department of Education has more on the reasons behind Globe University and Minnesota School of Business’ . We will do all we can to continue to provide information to you on your options.
Personal views aside, a central tenet is clear—a college education, often complemented by postgraduate education, is the reliable path to success for most Americans.
Accordingly, federal Workforce Legislation such as the Smith-Hughes Act, the Individuals with Disabilities Education Act (IDEA), and the Perkins Act are just a few that have impacted our society and its workforce....
If you want to learn more about what happens regarding student aid from the Department of Education (Pell Grants, federal student loans, etc.) when ED withdraws federal recognition of an accreditor, please read ED’s blog post, “What College Accreditation Changes Mean for Students” on their .
With the privatisation of the education system it has been suggested that the purpose of education is ever more economic structured instead of being social structured (Kassem and Garratt, 2009).
The cost of higher education might seem obvious. Tuition rates for colleges and vocational schools are significant and have been steadily rising over time at rates faster than the prices for goods and services overall. This alone is a substantial cost, especially considering that many students finance their education with loans they spend years to pay off.
While many four year colleges and universities are privately funded most American universities and colleges are funded by state revenue, alumni donations and annual tuition fees. State university programs are the most common and accessible forms of higher education institutions in America and for most students will comprise the bulk of their college experience.
But economics teaches us that the full cost of anything also includes the alternatives that must be given up for it. And the opportunity costs of going to school for two years, four years or even longer can be very high. The most obvious cost is the income you won’t earn while attending college. Leisure is valuable too, even if it is harder to put a price on it. Spending time in class, studying and doing homework can mean sacrificing a lot of leisure.
Why are schools basing their curriculum on standardized test scores rather than teaching vocational education courses that will help students later on in their lives.
The four-year college experience defines the Liberal Arts education—a fully rounded and well-balanced educational "diet" that includes arts, sciences, mathematics and athletics. Students in liberal arts programs emphasize a major field of study, but are required to complete coursework in all the major disciplines. Students graduating from a four year college typically earn a baccalaureate or in either the arts or the sciences.
Considering these forgone options along with tuition might make higher education seem extremely costly. A successful essay must weigh all the costs incurred in getting an education, but a proper analysis also considers the benefits.
, on the other hand, function independently from public sources and thrive on financial endowments from individuals, organizations and corporations. Examples of prominent private universities are Yale and Harvard. As expensive as many of the elite universities have been in years past most have made available financial aid programs for disadvantaged students.
Economics tells us that a rational person considers the costs and benefits of a choice not just now, but in the future as well. The benefits of higher education are many. For one, those with degrees beyond high school earn more on average than those with less education. Over a lifetime, this adds up to a big difference, even if young people who start working immediately after high school start earning more right away.
The extra income earned by people with higher degrees is relatively easy to measure. But other benefits to education aren’t as straightforward. The value of learning for its own sake, of satisfying your curiosity and broadening your horizons, and the value of the “college experience” as a period of personal growth and fun are very real for students who can afford them. It’s not as easy to put a price on such intangible things, but their value can be measured.