With studies showing that for-profit college degrees create more debt and no more added value for students, many are questioning the merits of these institutions. Here are the pros and cons of for-profit colleges:

PROS

  • Degree will really mean something to prospective employers who know your alma mater from its storied legacy of federal investigations
  • Better cosmetology program than Dartmouth
  • Post-graduation earning potential boosted by payout from class-action lawsuit
  • No Greek life
  • Abundant daytime infomercials let you relive your glory days
  • Opportunity to form a lifelong relationship with creditors
  • The best way to learn is by making mistakes

CONS

  • Campus events limited to helping administration shred documents
  • No room for Frisbee circle in strip mall parking lot
  • Suing the founder for damages will be really difficult if he wins the presidential election
  • Having to sit through 162,000 names at graduation
  • Seeking career training from people whose own salary benefits from your debt might not be best strategy
  • Classroom dynamic repeatedly thrown off by teacher being peppered with questions from state attorney general
  • All knowledge gained will be repossessed when college goes bankrupt