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
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